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FinancialNews
21-04-22
Crude prices soar as Libya decreases oil output
(MENAFN) On Thursday, crude prices jumped as international markets took into consideration the option of an EU prohibition on Russian oil and gas, whereas Libyan manufacturing reduces the previous week triggered deficiency worries.
International benchmark Brent crude valued at USD108.44 for each barrel at 0618 GMT for a 1.53 percent raise after ending the last session at USD106.80 a barrel.
American benchmark West Texas Intermediate (WTI) exchanged at USD103.69 for each barrel at the same time for a 1.47 percent increase after the last session ended at USD102.19 a barrel
German Foreign Minister Annalena Baerbock declared on Wednesday after discussions with her Baltic partners, "phasing out coal by the end of the summer. We'll halve oil by the summer and zero it out by the end of the year."
MENAFN21042022000045013568ID1104065978
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