Oil prices rise to $112

Economy
  • 6-05-2022, 17:51
    • +A -A

    Baghdad-INA 

    Oil prices rose for the third consecutive session, today, Friday, ignoring concerns about global economic growth, as looming European Union sanctions on Russian oil increased the possibility of a supply shortage.

    Brent crude futures rose $2.08, or 1.88%, to $112.98 a barrel by 09:22 GMT.

    US West Texas Intermediate crude futures jumped $2, or 1.85 percent, to settle at $110.26 a barrel.

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