Sun. AM KTFA News Articles 4-17-22

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Samson » April 17th, 2022

Brent rose to $111.70

16th April, 2022

Oil prices closed with weekly gains of nearly $9 at the end of the week’s trading

Brent crude closed in its last session (Friday), with a rise of 2.92 dollars, to reach 111.70 dollars, to record large weekly gains of 8.92 dollars, equivalent to 8.68 %

The US West Texas Intermediate crude also closed up by $2.70 to reach $106.95 a barrel, and also recorded weekly gains of $8.84, or 8.69 percent

Oil prices rose over the past week due to tight supplies and with the Organization of the Petroleum Exporting Countries warning that it would be impossible to increase production enough to make up for lost Russian supplies  LINK

Source: Dinar Recaps

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