The prices of the oil increased this Tuesday by a market little active on the eve of the New Year, sustained by the expectation of a recovery economic in Chinafirst importer of black gold in the world.
He price of the barrel Brent of the sea del Norte, for delivery in March, gained 0.88% to $74.64. Its US equivalent, West Texas Intermediate, for delivery in February, advanced 1.03% to $71.72.
“The favorable economic news from China contributed to sustaining the market“Andy Lipow, of Lipow Oil Associates, told AFP.
According to official figures published on Tuesday, the activity manufacturing of China It advanced in December for the third consecutive month, a positive sign regarding the Asian giant’s ability to achieve its growth objectives.
Beijing announced in recent weeks a series of measures shock to stimulate activity economicweighed down by a persistent crisis in the real estate sector and weak consumption, as well as to face the prospect of new trade tensions with Washington.
health economic of Chinafirst importer world of rawis essential for the demand for oil and its recovery should limit the imbalance between supply and demand in oil markets.
The outlook for 2025, however, does not seem favorable to prices of black gold, according to analysts.
“The dominant theme will be the increase in production in America of the North and South, associated with a significant reserve capacity of OPEC+ (Organization of Exporting Countries of Oil and its allies)”, according to Lipow.
The Agency International of Energy (IEA) forecasts “a supply surplus of 950,000 barrels per day” in 2025, which could worsen if OPEC+ does not return to its voluntary cuts after March.
