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High oil prices

2020-05-05T09:36:01.749Z


SINGAPORE - SANA, Oil prices rose as fuel demand recovers with the start of some of the United States of America


Singapore-Sana

Oil prices rose as a result of the recovery in demand for fuel, with some United States of America and European and Asian countries beginning to ease general isolation measures imposed to contain the spread of the emerging Corona virus.

Reuters reported that US West Texas Intermediate crude futures rose 9.9 percent, or $ 2.01, and reached $ 22.40 a barrel, as Bern crude futures rose 6.9 percent, or $ 1.87, recording $ 29.07 a barrel, rising for the sixth consecutive session.

A preliminary poll of Reuters showed that US oil inventories will rise for the fifteenth week in a row, while oil product stocks are likely to have increased also last week.

Source: sena

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