Singapore-Sana
The price of US crude rose more than 14 percent in Asian markets today to exceed $ 14 a barrel the day after he incurred huge losses due to the sale of an investment fund for his short-term oil contracts in the midst of growing concerns about the oversupply and the lack of storage capacity.
The AP reported that the price of West Texas Intermediate crude barrel for June delivery in the Asian morning trading session rose 14.5 percent to 14.13 dollars a barrel.
The Brent mix, which is considered a reference in the pricing of international raw materials, increased by 3.27 percent to 21.13 dollars per barrel.
Oil prices have collapsed in recent weeks against the backdrop of declining demand caused by restrictions and travel restrictions imposed in the world to combat the outbreak of the new Corona virus.
