A new jump in oil prices today.. and the disclosure of the price of a barrel • Al Marsad Newspaper

Al-Marsad newspaper – agencies: Oil prices rose today, Wednesday, before the release of data on US oil stocks, as tight supplies and increased demand for fuel supported crude futures contracts, while the largest Chinese cities eased restrictions imposed to contain the Corona pandemic.

Brent crude futures for August rose 22 cents, or 2%, to $120.79 a barrel, after closing at their highest level since May 31 on Tuesday, according to “Reuters”.

US West Texas Intermediate crude contracts for the month of July were at $119.65 a barrel, up 24 cents, or 0.2%, after reaching their highest settlement since March 8 yesterday.