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Oil prices are rising to their highest levels


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


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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