Brent Crude Exceeds $ 70

Baghdad Oil prices rose today, Tuesday, as Brent rose to above $ 70 a barrel.

The Russian news agency RIA Novosti reported: Brent was trading above $ 70 a barrel for the first time since March 05, and the mixture scored $ 70.10 a barrel, an increase of 0.92% over the previous closing price.

While US crude / West Texas Intermediate / rose 0.91% to 66.87 dollars a barrel.

Black gold prices increased today, Tuesday, in light of optimistic sentiment regarding expectations of growth in demand for crude in major regions of the world, despite the spread of the Corona virus wave in parts of Asia.

Investors are expecting an increase in fuel demand with the acceleration of vaccination in large countries and the increase in transportation operations, which will contribute to an increase in demand.

Source: National Iraqi News Agency