Relative rise in world oil prices / Brent oil again at $ 110

Brent North Sea crude traded at $ 109.27 a barrel on the New York Mercantile Exchange, up $ 1.82 from yesterday.

US crude rose $ 1.79 to $ 107.92 a barrel.

According to the official base of oil exporting countries, OPEC, a barrel of oil produced by this organization was sold at $ 109.3 in yesterday’s trading.

According to Reuters, the oil market is currently torn between two factors; The first factor is the application of coronary quarantines and the prediction of declining oil demand in China, and the second factor is concerns about the lack of oil supply to the world market.

Of course, it must be said that the impact of the consequences of tensions in Europe and concerns about the limited supply of oil to the world market has had a dominant effect and has led to an increase in oil prices in the market.

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