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What are the expectations for the price of a barrel of oil in the near future?
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2021-04-30 | 04:02
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Oil prices continue to recover during the current year, after a sharp drop in black gold prices last year due to the emerging Corona virus crisis, which greatly affected global demand.
Oil prices have increased since the beginning of 2021 by 30%, and prices have reached the levels they were at before the outbreak of the crisis [url=https://www.alsumaria.tv/Entity/127576/%D9%81%D9%8A%D8%B1%D9%88%D8%B3 %D9%83%D9%88%D8%B1%D9%88%D9%86%D8%A7/ar/]Corona Virus[/url].
The recovery came in light of the lifting of restrictions imposed to combat the spread of the virus, the launch of vaccination campaigns against Corona, and the recovery of the economy, and this coincided with an increase in demand for crude.
Experts expect the price of a barrel of Brent to rise by at least another 10% by the end of this year, and this means that the price of a barrel will rise to the level of $ 74- $ 75, as a barrel is now traded at the level of $ 68.
During the height of the Corona epidemic, oil market participants were anxious due to excess stocks, but demand is growing, and oil stocks are declining.
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Economie
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2021-04-30 | 04:02
[You must be registered and logged in to see this image.]
1,989 Views
Oil prices continue to recover during the current year, after a sharp drop in black gold prices last year due to the emerging Corona virus crisis, which greatly affected global demand.
Oil prices have increased since the beginning of 2021 by 30%, and prices have reached the levels they were at before the outbreak of the crisis [url=https://www.alsumaria.tv/Entity/127576/%D9%81%D9%8A%D8%B1%D9%88%D8%B3 %D9%83%D9%88%D8%B1%D9%88%D9%86%D8%A7/ar/]Corona Virus[/url].
The recovery came in light of the lifting of restrictions imposed to combat the spread of the virus, the launch of vaccination campaigns against Corona, and the recovery of the economy, and this coincided with an increase in demand for crude.
Experts expect the price of a barrel of Brent to rise by at least another 10% by the end of this year, and this means that the price of a barrel will rise to the level of $ 74- $ 75, as a barrel is now traded at the level of $ 68.
During the height of the Corona epidemic, oil market participants were anxious due to excess stocks, but demand is growing, and oil stocks are declining.
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