Crude oil prices jumped over one percent on Tuesday amid supply concerns as well as weaker US dollar.
As of 1340 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, gained $0.87 (+1.08 percent) to reach $81.74 a barrel. On the other hand, the US West Texas Intermediate (WTI) price reached $79.13 a barrel, up by $0.90 (+1.15 percent).
The price for Opec Basket was recorded at $82.14 a barrel with a gain of 1.66 percent, Arab Light was available at $81.02 a barrel with a decrease of 1.52 percent and the price of Russian Sokol slipped to $82.14 a barrel with a decrease of 1.46 percent.—TLTP
