Brent Crude Rises Above US$30 a Barrel

Brent Crude Rises Above US$30 a Barrel

For the first time since March 20, Brent crude is trading at US$30.05 per barrel on the London-based ICE Futures Europe Exchange. The crude oil futures climbed nearly 1.04 percent. This positive momentum in the oil market has been observed for the second day. Oil prices plunged dramatically in March, as a result of the COVID-19 pandemic, the OPEC+ oil deal failure and the crude oil production capacity increase by Saudi Arabia.

 

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