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[size=36]High oil prices and Brent surpassed $ 63 a barrel[/size]
Economie| 08:56 - 07/04/2021
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Follow-up - Mawazine News
Oil prices witnessed, on Wednesday, a noticeable increase due to the prospects of achieving stronger global economic growth, amid the increase in vaccinations against the Corona virus, and the decrease in crude stocks in the United States.
Brent crude futures were up 34 cents, or 0.5 percent, to reach $ 63.08 a barrel.
US West Texas Intermediate crude rose, for next May, by 32 cents, or 0.5 percent, to reach $ 59.65 a barrel.
Prices rebounded, after data showed on Tuesday that jobs in the United States rose to their highest level in two years as employment increased.
On the other hand, the International Monetary Fund confirmed, Tuesday, that "the unprecedented public spending on combating Covid-19, especially by the United States, will push global growth to 6% this year, a rate we have not seen since the 1970s."
US crude oil inventories declined in the last week, while fuel inventories rose, citing American Petroleum Institute (API) numbers ahead of government data on Wednesday. Ended 29 / p4
Oil prices witnessed, on Wednesday, a noticeable increase due to the prospects of achieving stronger global economic growth, amid the increase in vaccinations against the Corona virus, and the decrease in crude stocks in the United States.
Brent crude futures were up 34 cents, or 0.5 percent, to reach $ 63.08 a barrel.
US West Texas Intermediate crude rose, for next May, by 32 cents, or 0.5 percent, to reach $ 59.65 a barrel.
Prices rebounded, after data showed on Tuesday that jobs in the United States rose to their highest level in two years as employment increased.
On the other hand, the International Monetary Fund confirmed, Tuesday, that "the unprecedented public spending on combating Covid-19, especially by the United States, will push global growth to 6% this year, a rate we have not seen since the 1970s."
US crude oil inventories declined in the last week, while fuel inventories rose, citing American Petroleum Institute (API) numbers ahead of government data on Wednesday. Ended 29 / p4
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