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Oil price hike

2022-06-04T06:03:32.106Z


New York, SANA- Oil prices rose, supported by expectations that OPEC’s decision to raise production levels will not increase much of the economy


New York-Sana

Oil prices rose, supported by expectations that OPEC's decision to raise production levels would not increase supply much in global markets.

According to Reuters, Brent crude rose 1.8 percent to close at $119.72 a barrel, while US West Texas Intermediate crude rose 1.7 percent to $118.87.

Both crudes rose three dollars during the trading hours.

And US crude achieved its sixth weekly rise due to the scarcity of US supply.

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Source: sena

All business articles on 2022-06-04

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