Oil prices rose, in trading today, Thursday, in light of the dollar’s decline and with investors’ assessment of the prospects for supply and demand, but global crude “Brent” is still below the level of $ 73 a barrel.
And by 09:35 Moscow time, US crude futures rose by 0.36% to $68.85 a barrel, while Brent crude futures rose by 0.66% to $72.81 a barrel, according to Bloomberg agency data.
Yesterday, oil prices fell by about 4% in light of economic concerns about demand, and US crude recorded the level of $68.60 per barrel, down by 4.3% from the settlement price.
Brent crude reached $72.33 per barrel, down by 4% from the previous closing price.
The black gold prices received support from the decline in the dollar index, which measures the value of the US currency against a basket of currencies, and the index fell by 0.22% to 101.11 points.
Yesterday, Energy Information Administration data revealed that crude inventories decreased by 1.3 million barrels in the United States during the past week, with gasoline stocks increasing by 1.7 million barrels.
This article was originally published by RT.