Oil prices slightly increase

Global oil prices rose slightly on January 12 morning, reported from the auction data.

The price of March futures for Brent crude rose by 0.07% to $82.72 per barrel, February futures for WTI grew by 0.05% to $77.45.

According to the managing director of Vanir Global Markets Pte in Singapore, James Whistler, quoted by Bloomberg, the markets are generally optimistic due to the recovery in demand in China.

In December last year, the Chinese authorities began to actively weaken the anti-COVID policy, which for almost three years remained the toughest in the world, negatively affecting the economy, global production and supply chains, tourism and interstate exchanges. Since January 8, as part of a move away from the zero tolerance policy for the coronavirus, China has completely abolished quarantine and PCR testing for visitors from abroad.





www.anews.az