Tokyo-Sana
Oil prices rose today, following a day of extreme volatility raised by the specter of a coordinated move by the world's major economies to withdraw from their strategic crude stocks.
Reuters reported that Brent crude futures rose 28 cents, or 0.3 percent, to $81.52 a barrel, after falling to their lowest level in six weeks yesterday, before changing the path and closing up 1.2 percent.
West Texas Intermediate crude futures also rose 19 cents to $79.20 a barrel, after it fluctuated in a range of more than two dollars before closing higher.
Prices reached their highest levels in the past seven years last month as the market focused on the rapid rise in demand, which coincided with the lifting of closures and the recovery of economies in the face of a slow increase in supplies from members of the OPEC Plus grouping.
