Singapore-Sana
Oil prices rose today, extending the gains that lasted over three weeks, thanks to improved expectations for demand for fuel.
Reuters reported that Brent crude rose 51 cents, or 0.7 percent, to $73.20 a barrel.
West Texas Intermediate crude rose 47 cents, or 0.7 percent, to $71.38, the highest since October 2018.
OPEC Plus is limiting production to support prices after the Covid-19 pandemic reduced demand in 2020 and confirms a strong commitment to the production target agreed in May.
US investment bank Goldman Sachs expected the price of Brent crude to reach $80 a barrel this summer, at a time when the distribution of vaccines against Covid-19 boosts economic activities around the world.