Rising oil prices in world markets

Economy
  • 9-07-2021, 15:31
    • +A -A

    Follow up - INA

    Oil prices rose in global markets in light of the decline in US inventories and the repercussions of the OPEC + meeting.

    US West Texas Intermediate crude futures rose 6 cents, or 0.1 percent, to $73 a barrel.

    According to experts, "the markets lack a clear direction due to the uncertainty surrounding OPEC + production after August," noting that "the decline in US stocks is a positive factor, but it may be a temporary phenomenon."

    They added that "imposing new general closures to combat the pandemic may slow the recovery in travel and demand for aviation fuel."

    Source: Sputnik

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