Oil rises for a second week despite the intensification of the Corona pandemic in India

0
10


Oil rose despite the exacerbation of the Covid-19 pandemic in India, to achieve new gains for the second week in a row, amid optimism about the global economic recovery.

Brent crude futures ended the session at $ 68.28 a barrel, while the settlement price for US West Texas Intermediate crude was set at $ 64.90 a barrel, an increase of 19 cents, equivalent to 0.3 percent for both grades.

The benchmark rose more than one percent over the course of the week, in a weekly rise that is the second in a row, amid easing movement restrictions imposed to contain Covid-19 in the United States and Europe and the recovery of factory activities and vaccinations to prevent Corona virus, paving the way for a recovery in fuel demand.





LEAVE A REPLY

Please enter your comment!
Please enter your name here