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Oil continues to rise and records a new high.. Know the price of a barrel

Oil rose more than 3% at the end of trading on Friday, supported by a lack of supply, amid weekly stability in Brent prices, and a limited decrease in Nymex prices by 0.3% on a weekly basis, with continuing fears that higher interest rates may push the global economy into recession. Brent crude futures also rose $3.07, or 2.8%, to $113.12 a barrel, according to “Reuters”. US West Texas Intermediate crude futures rose $3.35, or 3.2%, to $107.62 a barrel.

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