For the first time in a year, Brent crude crossed the $ 63 per barrel barrier

For the first time in a year, Brent crude crossed the $ 63 per barrel barrier

Economy | 09:13 - 15/02/2021


Follow-up - Mawazine News
On Monday, crude oil prices recorded a record high, after the price of Brent crude exceeded the $ 63 per barrel barrier for the first time since January 2020.

Brent crude futures prices for April rose by 0.83 percent to reach $ 63.18 a barrel.

Futures prices for West Texas Intermediate crude for the month of March rose by 1.27 percent, to reach $ 60.47 a barrel.

Oil prices rose almost continuously, from the beginning of this February, until last Wednesday.
It should be noted that the main growth factor this month is the actions of the (OPEC +) coalition, in addition to hopes for an increase in demand for raw materials after the start of using vaccines in a number of countries of the world.




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