Oil market has recovered

Sunbd Desk || Published: 2021-03-06 11:53:35 || Updated: 2021-03-06 11:53:35

The global oil market has recovered from the outbreak of the coronavirus. Oil prices have risen to the highest level in almost two years in the world market. Oil prices have been rising in the world market since November last year. However, in the last one week, the biggest rise in oil prices in recent times. As a result, oil prices have risen to the highest level since April 2019.

Crude oil prices have risen more than 7.5 percent in the past week. Brent crude oil prices rose about eight percent. And the price of hunting oil has risen above five and a half percent.

As the epidemic of the coronavirus epidemic took a terrible turn, on April 20 last year, oil fell into the highest price in the history of the world market. On that day, the price of crude oil fell below the negative 37 per barrel.

Sunbd/NJ

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