Wednesday, August 4, 2021

Global oil prices rise after formal conclusion of political uncertainty in USA

Global oil prices today rose after the formal conclusion of political uncertainty in the USA. Hope of demand creation amid COVID-19 vaccines also boosted crude prices.

In intra-day trade, Brent crude prices were trading around 46 dollars and 50 cents per barrel while WTI crude prices were around 43 dollars and 60 cents per barrel.

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