Crude oil prices increased for the second straight week up to 2.15 percent after 4.13pc rise in the preceding week.
According to details, the US West Texas Intermediate (WTI) reached $75.21 from $73.79, up by 1.92 percent during the week. The low for the week reached $72.60 on Monday while the high for the week was on Thursday at $77.24.
Similarly, Brent, the international benchmark for two-thirds of the world’s oil, increased 2.15 percent during the week to reach $77.78 from $76.14 a barrel. The low for the week reached $75.95 on Monday while the high for the week was on Thursday near $80.10.
During the week, the price for Opec Basket was recorded at $74.23 a barrel, Arab Light was available at $77.54 and the price of Russian Sokol remained $77.87 a barrel. No change was recorded in the prices of these three benchmarks during the week.
