Crude oil prices edged up on Tuesday in a volatile session due to new Covid-19 restrictions. At 1245 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, gained $0.19 (+0.26 percent) to reach $74.58 a barrel. Similarly, the US West Texas Intermediate (WTI) price reached $71.45 a barrel, up by $0.16 (+0.22 percent).
The price for Opec Basket was recorded at $74.03 a barrel with a decrease of 1.41 percent, Arab Light was available at $75.67 with 1.98 percent decrease, and the price of Russian Sokol slipped to $76.31 with a decrease of 1.98 percent. Governments around the world, including most recently Britain and Norway, are tightening restrictions to stop the spread.—TLTP
