Brent futures rose $2.44, or 3.3%, to $75.64 a barrel; and, in New York, WTI futures registered an increase of US$2.32 (3.4%), up to US$70.59; at the highest closes for both products since June 8.
Oil prices rose this Thursday, June 15, by more than 3% in the main reference marketsdue to the weakness of the dollar and due to the increases in production in refineries in China, a country considered the main importer of crude oil worldwide.
The futures of Brent went up US$2.44 (3.3%), up to US$75.64 a barrel; and, in New York, the futures of the WTI registered an increase of US$2.32 (3.4%), up to US$70.59; at the highest closes for both products since June 8.
The market was supported by data released on Thursday indicating that performance of Chinese oil refineries increased 15.4% in May from a year earlierreaching the second highest level ever recorded, in addition to the depreciation of the dollar.
Another possible reason for the rise, according to analysts, was the advance in sales of the retail sector in the US in Maywhich grew despite inflationary pressures, and especially in products such as vehicles, construction materials and household appliances.
He dollar indexwhich measures the performance of the greenback against a basket of six currencies, it fell 0.8% to 102.11 units.
Source: Ambito
