Hong Kong-Sana
Today, the price of a barrel of Brent crude jumped above $ 80, in an unprecedented rise in nearly three years, boosted by investor expectations of rising demand and market concerns over supplies as the world slowly emerged from the Covid-19 crisis.
According to Agence France-Presse, the price of a barrel of Brent rose in Asian morning trading by 0.9 percent to reach $80.24, its highest level since October 2018.
The price of West Texas Intermediate crude also rose by 0.9% to reach $76.07 a barrel.
Oil prices rose significantly compared to the beginning of last year, when the closure measures constituted a blow to demand worldwide, while the price of Brent crude fell to the level of 16 dollars and West Texas Intermediate collapsed to negative levels.