The global oil market saw a significant rise in the price of a barrel, reaching $72.20 on March 21, 2025, marking a 1.5% weekly increase.
This continues the pattern of fluctuations observed in recent weeks on international commodities markets.
As reported by the Central Bank of Congo (BCC), “As of March 21, 2025, the price of oil rose by 1.5% compared to the previous period, where it traded at $70.10 per barrel.”
Experts at the BCC suggest that the increase in oil prices can be partially attributed to ongoing diplomatic discussions between the Kremlin and the White House in Riyadh, aimed at resolving the conflict in Ukraine.
These talks could influence strategic decisions among major oil producers, which in turn may impact global oil prices.
In addition, the possibility of a reduction in global oil production has contributed to the increase in prices, adding volatility to the market. Investors and analysts are closely watching energy-related developments that could further affect the oil market in the coming weeks.
The first quarter of 2025 has seen several price fluctuations. Between March 7 and 14, the price of a barrel increased by 1.2%, reaching $70.10.
For the Democratic Republic of Congo (DRC), a key oil-exporting nation, these price changes directly impact public revenues and economic forecasts.
The country’s authorities are monitoring these trends closely to assess the potential effects on the trade balance and national budget.
Analysts remain cautious about the future trajectory of oil prices. If geopolitical tensions continue and global oil production remains constrained, prices could continue to rise in the coming weeks.
However, other factors such as the global energy demand and decisions by the Organization of the Petroleum Exporting Countries (OPEC) will play a crucial role in determining whether oil prices stabilize or continue on their upward trajectory.
