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A good update regarding the oil prices

There is a good update that has been given regarding the price of oil.It is after it was highlighted that the price of oil had decreased for the third day in a row on Tuesday the 16th of March 2021.

It is further heard that the price decrease took place as some European nations, including France and Germany had had suspension of the use of major Covid-19 vaccine.

In accordance to the report, there was a decrease by 49 cents of Brent crude oil.As a result , the price fell at US$68.39 per barrel.There was a drop

in the price of US crude by 59 cents , taking the price to US$64.80 per barrel.It is reported that the price of Brent crude oil had its highest price since 2020 reached earlier on during the month of March.

It is also heard that the United States crude stocks increased by about 14-million barrels during the week of the 5th of March.

Content created and supplied by: Mahwira (via Opera News )

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