Monday, December 04, 2023
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UK: Oil prices rise again as USD slumps on slowing inflation

London, Dec 20 (Prensa Latina) Oil prices climbed again on Tuesday due to a weaker US dollar (USD).

Another element that justifies such a rise is the U.S. plan to resupply its strategic oil reserves, but profits were limited by uncertainty about increased Covid-19 cases in the leading global importer: China.

European Brent oil´s future rose by 50 cents, 0.65 percent, to $80.30 per barrel, added to the 76-cent surge of previous session. The futures of West Texas Intermediate in the United States (WTI) gained one dollar (1.31%), climbing to $76.19, after gaining 0.90 cents on Monday.


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