On June 27, according to media reports, oil prices rose slightly on Tuesday due to concerns about political instability and possible supply disruptions in Russia, as well as demand hopes for the summer driving season in the United States.
As of 11:52 Beijing time, Brent crude oil futures rose 0.35% to $74.72 a barrel, and analysts at Antai Bank said that after the weekend’s events, traders’ optimism that Russian oil will continue to flow into the international market is no longer possible. taken for granted to the same extent.
“This could lead to a risk premium being added to oil prices as there is a risk of further civil unrest,” they added in a note. Traders were also watching for signs of U.S. demand for transportation fuels such as gasoline ahead of the peak summer driving season .
Global gasoline demand rose by 365,000 bpd year-on-year, boosted by U.S. gasoline data, with consumption hitting an eight-week high of 9.4 million bpd in the week to June 17, according to analysts at JPMorgan.
