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[size=36]Oil prices jump by more than two dollars[/size]
Economie| 06:08 - 06/04/2021
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Baghdad - Mawazine News
Oil prices rose by more than two dollars, today, Tuesday, at a time when investors are betting on a rapid global economic recovery.
US oil futures rose more than two dollars to 60.66 dollars a barrel, while Brent crude futures rose more than two dollars to 64.18 dollars a barrel.
The International Monetary Fund raised its forecast for global economic growth again today, Tuesday, and predicted that global production will increase 6.0 percent this year, a rate not achieved since the 1970s, thanks largely to the adoption of policies to confront the Covid-19 pandemic on an unprecedented scale.
The increase in growth forecasts from 5.5 percent less than three months ago reflects a rapid improvement in the outlook for the US economy, as the International Monetary Fund now predicts that the United States economy will grow 6.5 percent in 2021, the fastest pace of growth since the early 1980s.
The main indicators of Wall Street reached their highest levels ever, Monday, after data indicating a strong recovery in the US labor market and service sector activity, which contributed to improving investor sentiment even with the increase in Corona virus infections globally.
Oil prices rose by more than two dollars, today, Tuesday, at a time when investors are betting on a rapid global economic recovery.
US oil futures rose more than two dollars to 60.66 dollars a barrel, while Brent crude futures rose more than two dollars to 64.18 dollars a barrel.
The International Monetary Fund raised its forecast for global economic growth again today, Tuesday, and predicted that global production will increase 6.0 percent this year, a rate not achieved since the 1970s, thanks largely to the adoption of policies to confront the Covid-19 pandemic on an unprecedented scale.
The increase in growth forecasts from 5.5 percent less than three months ago reflects a rapid improvement in the outlook for the US economy, as the International Monetary Fund now predicts that the United States economy will grow 6.5 percent in 2021, the fastest pace of growth since the early 1980s.
The main indicators of Wall Street reached their highest levels ever, Monday, after data indicating a strong recovery in the US labor market and service sector activity, which contributed to improving investor sentiment even with the increase in Corona virus infections globally.
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