Oil prices rise on seasonal demand and geopolitical tensions

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Oil prices rose, as Brent crude rose 0.4 % to $ 68.91 a barrel, and WTI increased by 0.5 % to $ 66.91 a barrel.

The body mass index analysts said in a memo that the basics of the oil for oil remain mainly narrow on the upscale seasonal demand, while the new Houthi attacks on the shipping ships wandering in the Red Sea add a risk allowance.

The BMI indicated that President Donald Trump’s decision to delay the re -submission of the so -called “mutual” tariffs until August was positive for the market.



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