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Oil closes with high gains, exceeding $ 86
- Time: 01/15/2022 10:43:34
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{Economic: Al Furat News} Oil prices closed on significant weekly gains, supported by concerns about supplies and political concerns in Libya and Kazakhstan, and the decline in US crude stocks to the lowest level since 2018.
Brent crude closed in its last session on Friday with an increase of 1.59 dollars to reach 86.06 dollars, and achieved a weekly profit of 4.31 dollars, or 5.27% in a week.
The US West Texas Intermediate crude was also settled at a rise of $1.70 to reach $83.82 a barrel and achieved a weekly profit of $4.92, or an equivalent rate of 6.24%.
Oil prices rose at the settlement on Friday, as the market was affected by concerns about supplies due to the unrest in Kazakhstan, production interruptions in Libya and the decrease in US crude stocks, despite America’s agreement with China to withdraw from its strategic oil stocks near the Lunar New Year holiday that begins on February 1, in The framework of a plan launched by Washington to reduce global prices.
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{Economic: Al Furat News} Oil prices closed on significant weekly gains, supported by concerns about supplies and political concerns in Libya and Kazakhstan, and the decline in US crude stocks to the lowest level since 2018.
Brent crude closed in its last session on Friday with an increase of 1.59 dollars to reach 86.06 dollars, and achieved a weekly profit of 4.31 dollars, or 5.27% in a week.
The US West Texas Intermediate crude was also settled at a rise of $1.70 to reach $83.82 a barrel and achieved a weekly profit of $4.92, or an equivalent rate of 6.24%.
Oil prices rose at the settlement on Friday, as the market was affected by concerns about supplies due to the unrest in Kazakhstan, production interruptions in Libya and the decrease in US crude stocks, despite America’s agreement with China to withdraw from its strategic oil stocks near the Lunar New Year holiday that begins on February 1, in The framework of a plan launched by Washington to reduce global prices.
Share if you like
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