Price of crude oil risen

Crude oil prices have risen in line with US demand. And the demand for the fuel product has increased in the European market. Crude oil prices rose in the U.S. market on Friday amid the Corona situation. News Reuters.

According to a Reuters report, the demand for crude oil in the Corona has been declining in the world market. However, with the development of the situation, the lockdown situation has started to become normal. It is also increasing economic growth. This has led to expectations of increased energy demand in the United States and Europe. However, the second wave of Corona in India has become a bit of an obstacle in this situation.

The report said that the futures price of Brent crude, the market standard for crude oil, rose 21 cents, or 0.3 percent, to 65.61 a barrel yesterday. Earlier on Thursday, the price of crude oil rose 8 cents.

Sunbd/NJ