Global oil prices climb

azertag.az

Global oil prices have risen. Thus, the oil market is recovering from the fall earlier this week. September Brent futures contracts rose by more than US$1.5, Prime agency reported. The benchmark Brent crude is trading at over US$73.5 per barrel, while West Texas Intermediate (WTI) futures are trading above US$71. And this is happening against the background of the news on the growth of commercial oil reserves in the U.S. The country’s volumes increased by more than two million barrels within a week. According to analysts, this time investors have ignored the data of the U.S. Department of Energy and look forward to a rapid recovery of the global economy.

 

Translation by Assem Zhanmukhanova

Editing by Galiya Khassenkhanova