Global oil prices rise | MENAFN.COM


(MENAFN – Al Wakeel News) The news agent – Oil prices rose for a second session on Wednesday, thanks to indications of strong demand for fuel in Western economies, while the prospects for the return of Iranian supplies dissipated, as the US Secretary of State said it was unlikely to lift sanctions imposed on Tehran.
Brent crude futures rose 32 cents, or 0.4%, to $72.54 a barrel by 0640 GMT, after earlier touching $72.83, the highest level since May 20, 2019. Brent rose 1% on Tuesday.
US West Texas Intermediate crude futures rose 31 cents, or 0.4%, to $70.36 a barrel, and had recorded $70.62, the highest level since October 17, 2018. On Tuesday, crude prices rose 1.2 percent.

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