By 16:30 GMT, US crude futures “West Texas Intermediate” rose by 2.68% to $ 72.35 a barrel.
While, I went up Brent crude futures contractsBy 2.47% to $75.42 a barrel, according to data from the “Bloomberg” website.
Brent crude futures recorded their highest level since August 2, 2021.
The rise came after data showed a greater than expected decline in crude inventories in the United States, and this was accompanied by expectations of a recovery in demand for black gold.
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