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$65.18 a barrel.. Learn about oil prices in global markets

 Oil prices recorded $65.18 a barrel, for Brent crude futures, which settled on Friday, and West Texas Intermediate crude futures for September delivery recorded $62.32 a barrel.

 


International media reports stated that oil prices in global markets recorded the largest weekly loss, as Brent crude fell 8%, and West Texas Intermediate crude lost more than 9%.

 

The International Energy Agency warned of a sudden rise in oil demand, reversing its currently slow trajectory in the rest of the world due to the spread of the mutated Delta strain of Corona. 2021 at a sharp pace, as it seems that the new restrictions to combat Corona imposed in several large oil-consuming countries, especially in Asia, will reduce movement and use of oil.”

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