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Weekly gains in global oil prices .. an increase of 3.6% for Brent and 2.8% for US crude


Brent crude futures prices recorded their third consecutive weekly gains at the end of trading sessions in the futures markets last Friday, by 3.6% compared to the end of the previous week, to reach its highest level since October 2018.

 

US West Texas Intermediate crude futures prices also recorded a fifth weekly gain in a row, by 2.8% compared to the end of the previous week.

 

And oil prices recorded $ 78.09 a barrel for Brent crude futures contracts, at the settlement on Friday, the highest closing since October 2018, and US West Texas Intermediate crude futures recorded $ 73.98 a barrel.

 

The OPEC Plus alliance agreed to add 400,000 barrels per day per month to the oil markets.

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