Oil prices rose, in trading today, Friday, after a wave of decline driven by fears of an economic recession, which will affect the demand for crude.
By 09:26 Moscow time, US West Texas Intermediate crude contracts were trading at $75.17 a barrel, an increase of 0.55% from the previous closing price.
Brent crude futures traded at $78.88 a barrel, an increase of 0.65% from the previous settlement price, according to Bloomberg data.
Despite the rise, the global benchmark “Brent” and the American mix are heading to record weekly losses of more than 3.5%.
This article was originally published by RT.