World oil prices are rising on Friday morning, investors are evaluating new government measures to stabilize the global economy, trade data show.
As of 8. Moscow time the price of May futures for the North Sea Brent brand oil mix grew by 0, 68% – before 26,52 dollar per barrel, May futures for WTI crude oil – by 1, 68%, before 23,01 dollars per barrel, RIA Novosti reports.
Investors are optimistic that world leaders have pledged a massive infusion of funds to reduce the economic impact of coronavirus, despite persisting fears that the pandemic will have a serious impact on oil demand.
“The USA is the most significant region of oil demand in the world (…) Ultimately, US consumption should pave the way for a significant recovery in global demand,” Reuters reports. opinion of analysts at Capital Economics.
Previously G countries 02 promised to invest more than $ 5 trillion in the global economy to support states in order to mitigate the social, economic and financial consequences of the pandemic.
At the same time, oil prices are still influenced by falling demand for raw materials.
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