[size=36]Oil prices are rising again[/size]
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: Oil prices recovered, Thursday, after the UAE said that it is committed to the OPEC + agreement to increase monthly supplies by 400,000 barrels per day.
US West Texas Intermediate crude contracts jumped more than three dollars a barrel shortly after the start of trading, and it was traded up 1.90% at 110.23 dollars a barrel at 110.77 dollars. Brent crude futures rose 3.17% to $114.66 a barrel.
Yesterday, global oil prices recorded their largest decline since the early days of the Corona virus pandemic about two years ago, and Brent crude futures fell by more than 17% during the session before declining 16.84 dollars, or 13.2%, to reach at the settlement of 111.14 dollars a barrel, which is its worst drop in 1 day since April 21, 2020.
US futures also fell $15.44, or 12.5%, at $108.70 a barrel, also their worst day since November. Ended 29/N33