Rising gasoline prices in the United States pushed oil to $ 115

Oil prices rose today in optimism about a significant improvement in demand in China, according to the Fars International Economic Group.

Positive signs that the epidemic is declining coronavirus In this country, it was in the areas that suffered the most.

Brent crude rose 51 cents to $ 114.75 a barrel.

US crude was up 40 cents at $ 114.60 a barrel.

Authorities Shanghai The port is set to reopen on a large scale, bringing the lives of the city’s 25 million people back to normal from July.

However, 46 Chinese cities are still in quarantine, reducing purchases, factory output and energy consumption.

Bob یاگرDirector of the Institute Mizuho “We are seeing a lot of signals that demand will improve in that area and boost prices,” he said.

Aligned With an unexpected drop in industrial production in April, China refined 11 percent less crude oil and daily production reached its lowest level since March 2020.

US gasoline prices hit a record high on Monday as stockpiles plummeted, raising supply concerns.

US Treasury Department data on Monday showed that reserves fell to 538 million barrels, the lowest level since 1987.

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