{
Warren Patterson

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oil prices rise on positive chinese manufacturing data amid geopolitical uncertainties

Oil prices rose on Monday, buoyed by positive manufacturing data from China, the largest crude importer, which indicated increased fuel demand. Brent crude climbed to $73.17 a barrel, while US West Texas Intermediate reached $70.10, despite looming uncertainties over US tariffs and the Ukraine conflict.Analysts noted that while China's manufacturing activity showed signs of expansion, the economic outlook remains cautious due to impending tariffs. Additionally, ongoing tensions in Ukraine and attacks on Russian refineries are raising concerns about supply stability.
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Finance & Economy, Market Report
08:30 03.03.2025
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