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HomeBusinessCrude oil prices rise 2.15pc for second straight week

Crude oil prices rise 2.15pc for second straight week

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.

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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.

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