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The price of oil is rising, and fears of weak demand limit its gains

2022-05-13T07:31:22.729Z

Singapore, SANA- Oil prices continued to rise today, but they are heading to record the first weekly loss in three weeks



Singapore-Sana

Oil prices continued to rise today, but they are heading to record their first weekly loss in three weeks.

Reuters news agency reported that Brent crude futures rose $1.81, or 1.7 percent, to $109.26 a barrel, and US West Texas Intermediate crude futures rose $1.55, or 1.5 percent, to $107.68 a barrel.

However, both benchmarks contracts are heading towards recording a weekly decline, with Brent crude expected to drop by about three percent and US crude to fall by about two percent.

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Source: sena

All business articles on 2022-05-13

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