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High oil prices

2021-02-22T09:16:32.761Z


Tokyo-SANA Oil prices rose today due to the slow resumption of US crude production after weather conditions reduced it


Tokyo-Sana

Oil prices rose today due to the slow resumption of US crude production after it was reduced by freezing weather conditions while demand recovered from its lows during the Corona pandemic.

Reuters reported that Brent crude rose 55 cents, or 0.9 percent, to $ 63.46 a barrel, after increasing about 1 percent last week.

US crude rose 47 cents, or 0.8 percent, to $ 59.71 a barrel, after declining 0.4 percent last week.

Prices also received a boost after global investment bank Goldman Sachs raised its forecast for Brent crude by ten dollars, with expectations that it would reach $ 70 in the second quarter and 75 in the third quarter.

Source: sena

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