Business

Oil Prices Rise More than 1%

Oil prices rose more than 1% on Wednesday, trading near their highest since April, after industry data showed a much steeper-than-expected draw last week in crude oil inventories in the US, the world’s biggest fuel consumer.Brent crude futures for

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Basra crude is making big weekly gains

Basra crude achieved significant gains due to the scarcity of supply, after Saudi Arabia and OPEC countries cut supplies.Basra Heavy crude closed in its last session on Friday, at an increase of 54 cents, to reach 81.79 dollars, and recorded

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Oil Prices Head towards Their Highest since April 19

Oil prices climbed 1% on Thursday, recouping losses from the previous session, as supply tightness and expectations of stronger Chinese demand overrode concerns about an economic slowdown.Brent crude futures advanced 72 cents, or 0.9 %, to $83.64 barr…

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