Oil prices are rising again

  • 25-09-2020, 10:50
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    INA - Baghdad 


     Oil prices rose today, Friday, amid hopes of a recovery in demand for crude after being hit by the Corona crisis, in addition to data showing a decline in US oil stocks.

     Brent crude futures were trading at $ 42.17 a barrel, up 0.55% from the previous settlement price.

      US crude futures, "West Texas Intermediate", were traded at $ 40.55 a barrel, an increase of 0.6% over yesterday's closing price.

      Oil prices showed gains today in light of investor hopes for a recovery in global demand for crude, as investors expect that some countries will abandon the imposition of strict quarantine measures, and a second wave of Corona will not affect demand as it did in the spring.