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Oil: Prices accelerated their rise on Thursday

12/03/2021
Source : ORISHAS FINANCE
Categories: Sectors

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Faced with an optimistic market for gas demand, oil is moving forward. Prices accelerated their rise on Thursday.

Oil prices, fuelled by optimistic forecasts for global growth, ended up in strong growth. The barrel of Brent from the North Sea for delivery in May ended at $69.63, up 2.54% or $1.73 in London from the close the previous day. In New York, WTI's US barrel for April rose by 2.45%, or 1.58 dollars, to 66.02 dollars.
“Refineries are getting back up and running and are going to use more crude. At the same time, demand for crude oil is expected to accelerate “with the start of the travel season,” said James Williams, of WTRG Economics. According to the WTRG Economics expert, the weekly report on US crude stocks on Wednesday showed that gasoline stocks had fallen sharply

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