The US economy is in a stronger position than forecast, the country’s Treasury Secretary said. After that, the price of fuel oil increased slightly in the world market. Earlier, oil prices rose amid tensions in the Middle East.
Brent crude rose 34 cents, or 0.38 percent, to $89.35 a barrel on Friday (April 26) morning. West Texas Intermediate rose 33 cents, or 0.39 percent, to $83.90.
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US economic growth remains in a strong position, Treasury Secretary Janet Yellen told Reuters.
Earlier, oil prices rose amid tensions between Iran and Israel. But the conflict between the two countries did not increase the price of oil decreased slightly. Although now it has started to increase again.
In response to the Commerce Department’s report that the US GDP growth in the last quarter was 1.6 percent, he said that the economy of the United States is doing very well.
Source: Reuters
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