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[size=36]Oil prices rise after heavy losses[/size]
Economie| 10:42 - 16/02/2022
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Follow-up - Mawazine News
: Oil prices rose, on Wednesday, after heavy losses incurred by black gold prices yesterday, and the decline in prices came with the easing of investor fears about an alleged Russian invasion of Ukraine.
By 09:30 Baghdad time, US West Texas Intermediate crude futures rose 0.31% to $92.36 a barrel.
Brent crude futures rose 0.17% to $93.44 a barrel, according to Bloomberg website data.
Oil markets incurred heavy losses on Tuesday, as Brent crude fell below $95 a barrel, while West Texas Intermediate crude fell below $94 a barrel.
Despite the sharp fluctuations in the oil market recently, oil prices are still trading near the highest level since October 2014, in light of expectations that demand will exceed oil supply this year.
: Oil prices rose, on Wednesday, after heavy losses incurred by black gold prices yesterday, and the decline in prices came with the easing of investor fears about an alleged Russian invasion of Ukraine.
By 09:30 Baghdad time, US West Texas Intermediate crude futures rose 0.31% to $92.36 a barrel.
Brent crude futures rose 0.17% to $93.44 a barrel, according to Bloomberg website data.
Oil markets incurred heavy losses on Tuesday, as Brent crude fell below $95 a barrel, while West Texas Intermediate crude fell below $94 a barrel.
Despite the sharp fluctuations in the oil market recently, oil prices are still trading near the highest level since October 2014, in light of expectations that demand will exceed oil supply this year.
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