Both the listing of the WTI than that of Brent they started the upward path after a subdued start and came to earn more than the single percentage point.
Several elements have allowed the price of oil to positively accentuate the afternoon performances. These include not counting the US-China trade war, but not only.
Oil price goes up: the reasons
US Trade Secretary Wilbur Ross met (in a summit in Bangkok) Chinese Premier Li Keqiang, according to Bloomberg reported by a person aware of the discussions.
Everything happened while optimism about trade war has returned to rise with obvious repercussions on the stock markets and while the Saudi state giant Aramco confirmed its intention to be listed on the stock exchange in what will be one of the IPO more
great of the century.
The signs of strengthening in China and the USA (think only of Non Farm Payrolls on Friday) have improved the outlook inherent in the question which has positively impacted the price of oil.
As anticipated, however, even the easing of US-China relations played in favor of quotations.
At the time of writing, Brent is rising by 1.5% to $ 62.62, while the price of WTI oil is advancing 1.6% to $ 57.11.
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https://www.money.it/prezzo-del-petrolio-sta-risalendo-perche
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