Oil prices are appreciating very slightly this Friday, 21 June, and are on their way to a second consecutive week of gains, at a time marked by signs of greater demand and falling oil and refined oil stocks in the United States.
West Texas Intermediate (WTI), the benchmark for the United States, added 0.04 per cent to 81.32 dollars per barrel. Meanwhile, a barrel of Brent North Sea crude, traded in London and the benchmark for European imports, rose 0.01 per cent to 85.72 dollars.
Oil has risen by around 5 per cent since the beginning of the month to its highest level in seven weeks.
“The seasonal increase in demand, as shown by the latest EIA data, the new confrontation between Israel and Hezbollah and the hurricane season could give strength to prices during the summer,” Citi analysts said in a note seen by Reuters.
