Brent crude oil futures for September delivery rose to $79 per barrel for the first time since May 2 on the London ICE exchange. Prime reports.
By 17:14 Moscow time, the indicator grew 1.56%. At 17:51 Moscow time, Brent accelerated growth slightly and was fixed at around $79.05 (plus 1.62%).
According to the agency, the dynamics of offers are associated with positive data from China.
“Previously, the country’s Central Bank expanded the program to support the real estate sector. As China is one of the world’s largest oil importers, more optimistic prospects for the Chinese economy are positive for oil demand forecasts. Investors are also looking forward to key statistics to be released on Wednesday.
On this day, the US Department of Labor will publish the inflation rate in the country. Analysts expect US consumer prices to rise 3.1% year-on-year in June. In May, this figure increased by 4%. Weekly statistics on oil reserves in the US will then be released. Prime expects commercial inventories to increase by 0.2 million barrels in the week ending July 7, after falling for three consecutive weeks.
Brent oil, which traded above $79 per barrel at the beginning of May, did not rise above $77 in June.
formerly Siluanov said about pessimists and optimists.