Oil prices rose, today, Tuesday, supported by a decline in inventories, although optimism was limited by concerns about demand after the increase in Covid-19 injuries in Europe.
Brent crude contracts, the global standard, rose 0.74 percent to $82.66 a barrel, at 04:21 GMT. And US benchmark West Texas Intermediate crude contracts increased by 0.67 percent, to $81.42.
“We have very low levels of inventories, and if the winter comes in very cold and the OPEC slowdown continues to increase supply, this could raise oil prices,” said Tony Noonan, senior risk manager at Mitsubishi Corp.
Edit by Khalil Saeed Rizq
