Oil Prices Rise On Hope As China Started Reopening
Oil prices surged on Wednesday as the market was optimistic about the fuel demand since China continues to ease its COVID-19 restrictions. Brent futures for February delivery rose 31 cents to $84.64 a barrel, a 0.4% gain, by 0117 GMT. Besides, US crude advanced 22 cents or 0.3%, to $79.75 per barrel. Both standard prices…
Aman Goyal
Fuel Prices Are at the Lowest as Covid Lockdowns Implemented Across the World
On Friday, oil prices dropped to a six-week low as additional Covid lockdowns raised demand issues just as industry participants signalled a supply restoration. Due to these reasons, domestic fuel merchants may drop gasoline and diesel rates following the rise of covid-19 cases in Europe, according to two inside sources. This Friday, standard Brent crude…
John David