Oil prices rise to $ 55 for the first time in 10 months

Economy
  • 8-01-2021, 13:54
    • +A -A

    Baghdad-INA

     

    Oil prices recorded a rise on Friday, as the price of a barrel of Brent crude reached $ 55 in light of the revival of hope for a return to economic recovery, coinciding with the control of the epidemic through vaccination and the return of discipline to "OPEC".

    This is the first rise of its kind since February 26th.

     Markets.com expert Neil Wilson said, "Saudi Arabia's decision to unilaterally reduce its production by an additional one million barrels per day continues to boost the upward trend in prices, while the arrival of vaccines on the prospects for future demand gives reassurance" in the global economic arena.

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