Oil prices hit $90 a barrel
Mawazine News – Oil prices recorded, on Wednesday, their highest level in more than 7 years, with high demand and a decline in stocks.
Oil prices fluctuate around $90, equivalent to 79 euros per barrel, which represents a repetition of the 2014 scenario due to increased demand and reduced concerns about the strength and continuity of the economic impact of the Omicron mutator from the Corona virus.
Last week, the price of Brent crude, during Wednesday’s trading, breached the $88 barrier for the first time in seven years, which also represents a visit estimated at more than a quarter of the prices that were recorded after the emergence of the new “Covid” mutator, while the price of West Texas Intermediate crude approached the threshold of $86 a barrel.