Singapore (dpa)
Oil futures prices began the week’s trading yesterday with a new rise, after last week recording the first weekly rise since last October, at a time when the world’s major maritime transport companies suspended operating their flights through the Red Sea, which highlights the risks threatening one of the world’s largest shipping companies. The most important arteries of vital crude oil trade in the world.
Bloomberg News Agency reported that the price of Brent crude oil, the global oil standard, reached about $77 per barrel, after rising last week by 0.9%, ending 7 weeks of steady decline.
West Texas Intermediate crude, the US oil standard, was also traded at about $72 per barrel.
The price of Brent crude rose by 0.7% to $77.11 per barrel for delivery next February, by 6:30 am London time.
The price of West Texas Intermediate crude oil rose by 0.8% to $72 per barrel for contracts for delivery next January, while the price of contracts for delivery next February rose by 0.8% to $72.36 per barrel.
2023-12-18 21:08:30
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