On global markets, oil prices rose last week for the second week in a row, as traders expect rising Chinese demand, while worries about a recession in Western economies took a back seat.
The price of a barrel on the London market increased last week by 2.8 percent, to 87.63 dollars, while on the American market, a barrel rose 1.8 percent, to 81.30 dollars.

The rise in prices for the second week in a row is mostly due to expectations that, after the lifting of strict covid-measures, the growth of the Chinese economy will accelerate.

And that will stimulate the demand for oil, given that China is the world’s largest importer of “black gold”.

Oil prices are supported by the hope that the US central bank will not raise interest rates to such high levels as the leaders of the Fed expect.