Oil prices continue to rise

D + N. S – Normal size

Today, oil futures prices continue to rise during trading on Thursday, and after initial studies showed the effectiveness of existing vaccines, concerns about the new variant of the growing corona virus, Omigron, and weak energy demand are declining.

Crude futures traded at around $ 73 a barrel in New York this morning, after rising more than 9% over the past three trading days, thanks to the hope that the new variable will not hinder the economic recovery in the world.
Meanwhile, U.S. Energy Information Administration data showed that U.S. crude oil stocks fell by only 241,000 barrels last week, while refined oil stocks, including petrol and diesel (diesel), rose.

According to Bloomberg News, West Texas Intermediate crude for U.S. oil rose 0.8% this morning to $ 72.95 a barrel for January delivery, up 0.4% yesterday. Brent crude for North Sea oil rose 0.6 percent to $ 76.27 a barrel for February delivery.

Print
Email




See also  Dubai accounted for 52.1% of the value of real estate transactions in the Gulf
  • Nadia Barnett

    "Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

    Related Posts

    • Economy
    • November 2, 2024
    • 72 views
    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    The wealth management landscape is undergoing a dramatic transformation, fueled by the rise of financial technology (fintech), according to fintech entrepreneur Emils Kerimovs. No longer exclusive to the ultra-wealthy, innovative…

    UAE Powering Gaming Boom in the Middle East

    The gaming industry in the Middle East is experiencing a growth spurt, with Saudi Arabia and the United Arab Emirates (UAE) among the countries attracting major investments. However, this digital…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    How to Choose the Right Mattress: Find the Best Fit for You

    How to Choose the Right Mattress: Find the Best Fit for You

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Best Kitchen Renovation Ideas to Upgrade Your Space

    Best Kitchen Renovation Ideas to Upgrade Your Space