Brent crude price jumps to more than $ 69 a barrel

Economy

4-05-2021, 15:59

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Follow-up - INA

Brent crude futures jumped to $ 69.04, Brent crude futures registered about $ 68.33 a barrel, and US West Texas Intermediate crude futures rose to $ 65.18 a barrel .

Analysts said today, Tuesday, that "oil prices are supported by the possibility of increased demand for fuel in the United States and Europe, as the states of New York, New Jersey and Connecticut are preparing to ease restrictions related to the pandemic, and the European Union intends to receive more foreign visitors who have been vaccinated."

In search of more indications of rising demand for oil in the United States, traders will be watching reports on crude oil and product inventories from the American Petroleum Institute on Tuesday, and the US Energy Information Administration on Wednesday .

Source: Russia Today