The price of oil continues to rise. A barrel of high-quality Brent crude oil – used as a reference in Europe – On Friday, it exceeded $91 Before the markets open. It's been put that way Maximum Since the end of last Octoberwhich is fueled by tensions in the Middle East.
specific, The price of a barrel of Brent crude rose to $91.22As reported by the European News Agency. The benchmark crude oil for European markets has seen a revaluation of 18% so far this year.
The outlook for the future of oil prices is not encouraging at all. Bank of America experts believe that the price will reach $95 this summer. They attributed this increase in prices to oil shortages, production cuts, geopolitical tensions, and economic growth.
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