The rising trend of oil and gold prices – Mehr news agency RCO News Agency

According to RCO News Agency, citing Reuters, there are concerns about the escalation of tensions in Ukraine due to the West’s permission to Y To use long-range missiles deep in Russian territory, and on the other hand, hopes for an increase in demand from China caused the price of oil to rise in the world market today.

Accordingly, the price of oil Brent In the North Sea, it increased by 9 cents to 73 dollars and 40 cents per barrel. oil West Texas intermediate America also traded at 69 dollars and 53 cents per barrel with an increase of 14 cents.

Now China’s economic data shows that demand for crude oil from the largest importer of black gold has increased. Previously, weak statistical data about the Chinese economy caused a 20% drop in oil prices Brent It has been since April so that oil has reached the current level from $92 per barrel.

In the precious metals market, each ounce of gold was traded at $2,641 with an increase of 1.22%. Silver also increased by 0.2% and reached 31 dollars and 21 cents per ounce.