Crude prices go up over rising demand euphoria


Oil prices rose on Friday over rising demand eupho-ria after US crude and gasoline oil inventories re-corded huge falls although the lack of consensus at the latest OPEC+ meeting is leaving oil markets without direction.

At 1130 GMT, Brent, the international benchmark for two-thirds of the world’s oil, gained 0.86 percent to reach $74.76 a barrel. Similarly, the US West Texas Intermediate (WTI) reached $73.79, up 1.17 percent.

The price for Opec Basket was recorded at $73.58 a barrel with 3.11 percent decrease, Arab Light was available at $74.28 a barrel with 1.60 percent in-crease, while the price of Russian Sokol reached $73.32 after gaining 1.68 percent.—Agencies

Previous articleImperial Logistics stock rockets on DP World take-over
Next articlePrices of essential kitchen items decline