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Oil surpasses its 8-month peak due to the drop in US stocks

2020-11-26T19:14:51.049Z


New York-SANA Oil prices rose nearly 2 percent to their highest levels in more than eight months todayNew York-Sana Oil prices rose about two percent to their highest levels in more than eight months today, as data showed a surprising decline in US crude stocks. According to Reuters, Brent crude rose 75 cents, equivalent to 1.6 percent, to determine the settlement price at $ 48.61 a barrel, its highest level since early March. US West Texas Intermediate crude closed at its highest price since e


New York-Sana

Oil prices rose about two percent to their highest levels in more than eight months today, as data showed a surprising decline in US crude stocks.

According to Reuters, Brent crude rose 75 cents, equivalent to 1.6 percent, to determine the settlement price at $ 48.61 a barrel, its highest level since early March.

US West Texas Intermediate crude closed at its highest price since early March as well, increasing 80 cents, or 1.8 percent, to record $ 45.71 a barrel.

Source: sena

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