High oil prices in world markets

Baghdad-INA

Brent crude prices rose in Asian trading today, Friday, amid market assessments of the possibility of announcing economic stimulus measures in China after weak economic data, in addition to declining inventories in the United States and reducing supplies from two major producers .

Brent crude futures rose 63 cents to $80.27 a barrel, while US West Texas Intermediate crude rose 62 cents to $76.27 a barrel. 

For the week as a whole, Brent crude is heading for a 0.5% increase, while US crude is heading for a 1.1% increase. This means that the two benchmarks continued to rise for the fourth week in a row .

Weak economic data from China weighed on oil prices all week after the world's second-largest oil consumer reported disappointing growth in gross domestic product for the second quarter, raising the possibility of missing the government's 5% annual economic growth target .



Brent crude futures rose 63 cents to $80.27 a barrel, while US West Texas Intermediate crude rose 62 cents to $76.27 a barrel. 

For the week as a whole, Brent crude is heading for a 0.5% increase, while US crude is heading for a 1.1% increase. This means that the two benchmarks continued to rise for the fourth week in a row .

Weak economic data from China weighed on oil prices all week after the world's second-largest oil consumer reported disappointing growth in gross domestic product for the second quarter, raising the possibility of missing the government's 5% annual economic growth target .