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[size=36]The rise in oil prices and Brent crude recorded more than 108 dollars[/size]
Economie| 08:43 - 20/04/2022
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Follow-up - Mawazine News
: Oil prices rebounded, on Wednesday, after sharp losses in the previous session, as concerns over reduced supplies from Russia and Libya dominated, while industry data showed a decrease in US crude stocks last week.
Brent crude futures rose 98 cents, or 0.9 percent, to $108.23 a barrel by 04:25 GMT, while West Texas Intermediate crude futures for the near month, which expires on Wednesday, rose 94 cents, or 0.9 percent, to $103.50 a barrel.
Both benchmarks fell 5.2% in volatile trading on Tuesday after the International Monetary Fund on Tuesday cut its global growth forecast by a full percentage point, citing the economic effects of Russia's war in Ukraine, and warning that inflation is now a "clear and present risk" for many countries. Ended 29/N33
: Oil prices rebounded, on Wednesday, after sharp losses in the previous session, as concerns over reduced supplies from Russia and Libya dominated, while industry data showed a decrease in US crude stocks last week.
Brent crude futures rose 98 cents, or 0.9 percent, to $108.23 a barrel by 04:25 GMT, while West Texas Intermediate crude futures for the near month, which expires on Wednesday, rose 94 cents, or 0.9 percent, to $103.50 a barrel.
Both benchmarks fell 5.2% in volatile trading on Tuesday after the International Monetary Fund on Tuesday cut its global growth forecast by a full percentage point, citing the economic effects of Russia's war in Ukraine, and warning that inflation is now a "clear and present risk" for many countries. Ended 29/N33
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