AGL38.63▲ 0.81 (0.02%)AIRLINK129.71▼ -3.52 (-0.03%)BOP5.64▲ 0 (0.00%)CNERGY3.86▲ 0.09 (0.02%)DCL8.7▼ -0.16 (-0.02%)DFML41.9▲ 0.96 (0.02%)DGKC88.35▼ -1.34 (-0.01%)FCCL34.93▼ -0.13 (0.00%)FFBL67.02▲ 0.48 (0.01%)FFL10.57▲ 0.44 (0.04%)HUBC108.57▲ 2.01 (0.02%)HUMNL14.66▲ 1.33 (0.10%)KEL4.76▼ -0.09 (-0.02%)KOSM6.95▲ 0.15 (0.02%)MLCF41.68▲ 0.15 (0.00%)NBP59.64▲ 0.99 (0.02%)OGDC183.31▲ 2.67 (0.01%)PAEL26.23▲ 0.61 (0.02%)PIBTL5.95▲ 0.15 (0.03%)PPL147.09▼ -0.68 (0.00%)PRL23.57▲ 0.41 (0.02%)PTC16.5▲ 1.3 (0.09%)SEARL68.42▼ -0.27 (0.00%)TELE7.19▼ -0.04 (-0.01%)TOMCL35.86▼ -0.08 (0.00%)TPLP7.82▲ 0.46 (0.06%)TREET14.17▲ 0.02 (0.00%)TRG50.51▼ -0.24 (0.00%)UNITY26.76▲ 0.31 (0.01%)WTL1.21▲ 0 (0.00%)

Brent nears $110 as oil rally continues

Share
Tweet
WhatsApp
Share on Linkedin
[tta_listen_btn]

Crude oil prices continued to climb on Friday as investors considered the impact of supply disruptions amid continued Covid-19 lockdowns in China and the growing possibility of European sanctions on Russia’s energy exports.

As of 1250 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, gained $1.93 (+1.79 percent) to reach 109.52 a barrel. The West Texas Intermediate (WTI), the main oil benchmark for North America, jumped to $106.35 a barrel, up by $0.99 (+0.94 percent). Both benchmarks are set to close the week higher, with WTI on track for a fifth straight month of advances.—TLTP

Related Posts