Oil near its highest level in years as the energy crisis continues

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Dammam – Sherif Ahmed – Oil futures rose on Tuesday to stay near multi-year highs as severe energy shortages persisted around the world, while plunging temperatures in China renewed concern about whether the world’s largest energy consumer can meet domestic heating needs. .

The international benchmark Brent crude contracts ended the trading session up 75 cents, to settle at $85.08 a barrel, while the US West Texas Intermediate crude futures rose 52 cents to close at $82.96.

Oil prices have recorded sharp increases over the past two weeks. Since the beginning of September, Brent has jumped about 19 percent, while US crude has gained about 21 percent.

Mohamed Yousif

Specialized in writing and editing articles and translation from English and French and vice versa for more than 8 years – full translation manually without relying on any translation sites. – Accuracy in translation and the absence of errors – Grammatical and linguistic checking of the translated text – Taking into account that the language style fits with the subject

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Oil highest level years energy crisis continues

 
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