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Oil prices are rising to their highest levels

2021-10-18T06:53:15.100Z

Singapore, SANA- Oil prices rose to their highest level in years today, with demand continuing to recover from repercussions



Singapore-Sana

Oil prices rose to their highest levels in years today as demand continues to recover from the repercussions of the Covid-19 pandemic.

Reuters reported that Brent crude futures rose 87 cents, or 1 percent, to $85.73 a barrel, the highest price since October 2018.

US West Texas Intermediate crude futures rose $1.12, or 1.4 percent, to $83.40 a barrel, the highest level since October 2014.

Brent and West Texas crude contracts rose at least 3 percent last week.

Analysts from ANZ Bank said in a note today that the easing of Corona restrictions around the world will help in the recovery of fuel consumption.

Source: sena

All business articles on 2021-10-18

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