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Oil: The price of Brent crosses the 70 dollar mark

19/05/2021
Categories: Index/Markets

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Oil prices are supported by the hope of operators to see increased demand for fuels in the world, particularly after the easing of restrictions imposed to fight against the covid-19 pandemic. This Tuesday prices continued to grow.

Brent recorded the largest increase recorded since the beginning of last March. The benchmark for the price of Algerian oil, crossed the bar of 70 dollars per barrel following the enthusiasm that marked the oil markets, to see the demand for crude increase during the current year 2021. This increase represents 0 92% more compared to the last trading session.

Bloomberg reports that prices also rose for light US crude known as WTI, to near $67 a barrel. This represents an increase of 0.91% compared to the last trading session.

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