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Prof K Nageshwar: Why Global Oil Prices Are Rising? (Video)

         ప్రపంచంలో ముడిచమురు ధరలు మళ్ళీ పెరుగుతున్నాయి, మనపై ప్రభావమెంత?||Why Global Oil Prices Are Rising?

Oil prices rose on Thursday to their highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts and recovering demand as governments ease restrictions on people’s movements.

Crude prices have slumped in 2020, with global benchmark Brent hitting a 21-year low below $16 a barrel in April as demand collapsed. With fuel use rising and more signs that the supply glut is being tackled, Brent has since more than doubled.

Brent crude for July rose $1.11, or 3.1%, to $36.86 per barrel. West Texas Intermediate crude climbed 87 cents, or 2.6%, to $34.37. Both benchmarks are at their highest since March 11.

 

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Prof K Nageshwar: Why Global Oil Prices Are Rising? (Video)

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Summary
Prof K Nageshwar: Why Global Oil Prices Are Rising? (Video)
Title
Prof K Nageshwar: Why Global Oil Prices Are Rising? (Video)
Description

ప్రపంచంలో ముడిచమురు ధరలు మళ్ళీ పెరుగుతున్నాయి, మనపై ప్రభావమెంత?||Why Global Oil Prices Are Rising? Oil prices rose on Thursday to their highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts and recovering demand as governments ease restrictions on people’s movements. Crude prices have slumped in 2020, with global benchmark Brent hitting a 21-year low below $16 a barrel in April as demand collapsed. With fuel use rising and more signs that the supply glut is being tackled, Brent has since more than doubled. Brent crude for July rose $1.11, or 3.1%, to $36.86 per barrel. West Texas Intermediate crude climbed 87 cents, or 2.6%, to $34.37. Both benchmarks are at their highest since March 11.

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