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High oil prices

2020-05-18T08:07:58.360Z


SINGAPORE - SANA Oil prices rose more than a dollar a barrel today, supported by production cuts and indices


Singapore-Sana

Oil prices rose today more than a dollar a barrel, supported by production cuts and indications of a gradual recovery in demand, while easing restrictions to contain the Corona virus.

Reuters reported that Brent crude rose 1.33 dollars, or 4.1 percent, to 33.33 dollars a barrel, after touching the highest level since last April 13 in the previous session.

West Texas Intermediate, the US crude, rose $ 1.65, or 6.5 percent, to $ 31.08 a barrel, after recording the highest level since March 16 in the previous session.

July's most traded contracts recorded $ 31.05, up $ 1.53 a barrel.

Source: sena

All business articles on 2020-05-18

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