Crude oil prices resumed its upward rally amid supply concerns and gained over one percent on Friday.
As of 1240 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, gained $1.23 (+1.35 percent) to reach $92.64 a barrel. On the other hand, the US West Texas Intermediate (WTI) price reached $91.24 a barrel, up by $1.36 (+1.51 percent). The price for Opec Basket was recorded at $91.84 a barrel with a loss of 0.36 percent, Arab Light was available at $91.08 a barrel with an increase of 0.55 percent and the price of Russian Sokol jumped to $92.55 a barrel with 1.39 percent increase.—TLTP
