Wednesday, July 8, 2020

Oil prices continue to rise – aid from the central banks gives a boost

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After the oil price shock of the past weeks, prices continue to recover.

(Photo: Reuters)

New York, Londopn Oil prices continued their recovery on Friday. After the significant rise in prices on the previous day, prices continued to increase. A barrel (159 liters) of the North Sea type Brent cost $ 27.00 in the morning. That was 52 cents more than the previous day. The price of a barrel of the US grade West Texas Intermediate (WTI) rose by 53 cents to $ 19.37.

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