Global Oil Prices Rise

Global Oil Prices Rise
Global Oil Prices Rise
Oil prices rebounded on Friday, recovering some of the losses that exceeded 1% in the previous session, amid diminishing prospects for a quick resolution to the war in Ukraine and following bleak demand forecasts from the International Energy Agency (IEA) on Thursday. Brent crude futures rose by 44 cents, or 0.6%, to $70.32 per barrel, after falling by 1.5% in the previous session. U.S. West Texas Intermediate (WTI) crude increased by 47 cents, or 0.7%, to $67.01 per barrel, after closing down by 1.7% on Thursday, according to CNBC.   (window.globalAmlAds = window.globalAmlAds || []).push('admixer_async_509089081')   (window.globalAmlAds = window.globalAmlAds || []).push('admixer_async_552628228') Read More Resignation of Faisal Qamhiyah CEO, Umniah Jordan Oil Prices Decline Amid Economic Concerns Despite Strong Demand Outlook Housing Bank Organizes a Charity Iftar at The Children’s Museum
Oil prices rebounded on Friday, recovering some of the losses that exceeded 1% in the previous session, amid diminishing prospects for a quick resolution to the war in Ukraine and following bleak demand forecasts from the International Energy Agency (IEA) on Thursday.
 


Brent crude futures rose by 44 cents, or 0.6%, to $70.32 per barrel, after falling by 1.5% in the previous session. U.S. West Texas Intermediate (WTI) crude increased by 47 cents, or 0.7%, to $67.01 per barrel, after closing down by 1.7% on Thursday, according to CNBC.