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Wartfat oil prices Friday is supported by strong demand for fuel In the United States, despite the new measures to combat the Corona virus In Shanghai and Beijing limited gains.
Brent crude rose 98 cents, or 0.8 percent, to $ 124.05 a barrel by 1153 GMT, and US West Texas Intermediate crude rose 82 cents, or 0.7 percent, to $ 122.33 a barrel.
Crude prices have generally risen over the past two months, and Brent crude is heading to record gains for the fourth consecutive week, while US crude is heading towards recording the seventh consecutive weekly increase.
. Analysts said "Fitch Solutions": "witnessing season the summer In which driving rates increase the cars In the United States, record increases in gasoline consumption and diesel"as quoted "Archyde.com".
Oil prices also received additional support from fears of possible supply disruptions in Europe and Africa.
The prospects of reaching a nuclear agreement with Iran and raise US sanctions imposed on the oil sector in it is receding, which supported the increase in oil prices.
According to analysts at "BCA Research"the "The strategic consensus between the United States and Iran will allow the return of one million barrels of Iranian crude exports per day to global markets, and thus will allow world oil prices Breathtaking".
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Wartfat oil prices Friday is supported by strong demand for fuel In the United States, despite the new measures to combat the Corona virus In Shanghai and Beijing limited gains.
Brent crude rose 98 cents, or 0.8 percent, to $ 124.05 a barrel by 1153 GMT, and US West Texas Intermediate crude rose 82 cents, or 0.7 percent, to $ 122.33 a barrel.
Crude prices have generally risen over the past two months, and Brent crude is heading to record gains for the fourth consecutive week, while US crude is heading towards recording the seventh consecutive weekly increase.
Analysts at “Fitch Solutions” said: “The season of the summer In which driving rates increase the cars In the United States, record increases in gasoline consumption and diesel“, according to “Archyde.com”.
Oil prices also received additional support from fears of possible supply disruptions in Europe and Africa.
The prospects of reaching a nuclear agreement with Iran and raise US sanctions imposed on the oil sector in it is receding, which supported the increase in oil prices.
According to analysts at “BCA Research”, “the strategic alignment between the United States and Iran will allow the return of one million barrels of Iranian crude exports per day to global markets, and thus will allow world oil prices Breathtaking.”
