Oil prices rise with improved demand and tight supplies

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Oil prices rose today, Monday, to continue the gains since 3 weeks, thanks to improved expectations for demand for fuel, while the vaccination against Corona contributed to the lifting of travel restrictions, as well as a shortage of supplies.
Brent crude rose 51 cents, or 0.7%, to $ 73.20 a barrel, the highest level since May 2019, and West Texas Intermediate crude rose 47 cents, or 0.7%, to $ 71.38, the highest since October 2018.Car traffic returned to pre-pandemic levels in North America and many countries in Europe, and flights increased with the easing of restrictions to combat the Corona virus, which led to a rise in both crudes for 3 weeks.





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