Business & Economy

Oil prices continue to rise

Global oil prices rose to record today the highest price in 3 years.
Trading data confirmed that the price of Brent crude rose by $82 a barrel for the first time since October 11, 2018.
The price of December futures contracts for Brent crude rose 0.94 percent to $ 82.02 a barrel, and the November futures contract for West Texas Intermediate crude – by 0.77 percent to $ 78.23 a barrel.
“OPEC +” is facing pressure from some countries to increase production again in order to help reduce prices in the market, with demand recovering faster than expected in some parts of the world.

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