{"id":40235,"date":"2024-04-24T09:23:23","date_gmt":"2024-04-24T09:23:23","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-investor-profit-taking-tighter-supply-prospects"},"modified":"2024-04-24T09:50:17","modified_gmt":"2024-04-24T09:50:17","slug":"oil-prices-up-over-investor-profit-taking-tighter-supply-prospects","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-investor-profit-taking-tighter-supply-prospects","title":{"rendered":"Oil prices up over investor profit-taking, tighter supply prospects"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Oil prices increased on Tuesday amid investor profit-taking and expectations of a tight supply-demand balance in the markets in the coming months, after falling to the lowest levels in nearly a month with the eased tensions in the Middle East.<\/p>\n

International benchmark Brent crude traded at $87.15 per barrel at 10.14 a.m. local time (0714 GMT), a 0.15% increase from the closing price of $87 per barrel in the previous trading session.<\/p>\n

The American benchmark West Texas Intermediate (WTI) traded at $82.03 per barrel at the same time, a 0.16% rise from the previous session that closed at $81.9 per barrel.<\/p>\n

Traders see a tightening supply-demand balance in the coming months as the approaching driving season is expected to spur increased demand. The prospect of potentially tighter supplies puts upward pressure on prices.<\/p>\n

Renewed US sanctions on Venezuela, which has an export capacity of around 600,000 barrels per day, also fueled supply concerns.<\/p>\n

However, global economic concerns, a large build in the world’s largest oil consumer, US crude oil stocks, and the Fed’s hawkish stance that has led to a strong dollar, continue to put downward pressure on oil prices.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Oil prices increased on Tuesday amid investor profit-taking and expectations of a tight supply-demand balance in the markets in the coming months, after falling to the lowest levels in nearly a month with the eased tensions in the Middle East. International benchmark Brent crude traded at $87.15 per barrel at 10.14 a.m. […]<\/p>\n","protected":false},"author":84,"featured_media":40234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,245,2720,241,2764,2825],"class_list":["post-40235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mauritius","tag-brent-crude","tag-mauritius","tag-oil-prices","tag-wti"],"yoast_head":"\nOil prices up over investor profit-taking, tighter supply prospects - Mauritius<\/title>\n<meta name=\"description\" content=\"Oil prices increased on Tuesday amid investor profit-taking and expectations of a tight supply-demand balance in the mar ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-investor-profit-taking-tighter-supply-prospects\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil prices up over investor profit-taking, tighter supply prospects\" \/>\n<meta property=\"og:description\" content=\"Oil prices increased on Tuesday amid investor profit-taking and expectations of a tight supply-demand balance in the mar ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-investor-profit-taking-tighter-supply-prospects\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-24T09:23:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-24T09:50:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/04\/sm_1713935755.378109.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-investor-profit-taking-tighter-supply-prospects#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-investor-profit-taking-tighter-supply-prospects\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Oil prices up over investor profit-taking, tighter supply prospects\",\"datePublished\":\"2024-04-24T09:23:23+00:00\",\"dateModified\":\"2024-04-24T09:50:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-investor-profit-taking-tighter-supply-prospects\"},\"wordCount\":205,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-investor-profit-taking-tighter-supply-prospects#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/04\/sm_1713935755.378109.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mauritius\",\"Brent crude\",\"Mauritius\",\"oil prices\",\"WTI\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-investor-profit-taking-tighter-supply-prospects#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-investor-profit-taking-tighter-supply-prospects\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-investor-profit-taking-tighter-supply-prospects\",\"name\":\"Oil prices up over investor profit-taking, tighter supply prospects - 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