A rise in oil prices in the global market

Economy/International

7-01-2022, 15:01

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Oil prices rose, in conjunction with the unrest in Kazakhstan, which raised concerns among consumers about the shrinking of supplies .

After recording a stabilization in gas prices before the end of last year, Bloomberg Agency reported that natural gas prices rose by more than 40% this week, as Russian gas supplies through main gas pipelines fell to their lowest levels for this time of year, since 2015. least .

The natural gas price crisis intensified pressure on consumers, and some companies in Europe were forced to reduce production .

Brent crude futures increased by 53 cents, or 0.63%, to $82.52 a barrel, after a 1.5 percent jump in the previous session .

US West Texas Intermediate crude futures rose 76 cents, or 0.6% also, to $80 a barrel, after rising 2.1% in the previous session .