New York – Qena:
Oil prices rose at the end of trading today, while Brent crude oil is heading towards incurring weekly losses of about eight percent, affected by developments in the Middle East.
Brent crude futures rose by about 66 cents, or 0.53 percent, to reach $80.38 per barrel, while US West Texas Intermediate crude rose by 94 cents, or 1.23 percent, to $77.54 per barrel.
The Organization of the Petroleum Exporting Countries (OPEC), in its report on the global oil outlook for 2026, expected global demand to rise to 113.3 million barrels per day in 2030, compared to 105.1 million in 2025.
Brent crude futures rose by about 66 cents, or 0.53 percent, to reach $80.38 per barrel, while US West Texas Intermediate crude rose by 94 cents, or 1.23 percent, to $77.54 per barrel.
The Organization of the Petroleum Exporting Countries (OPEC), in its report on the global oil outlook for 2026, expected global demand to rise to 113.3 million barrels per day in 2030, compared to 105.1 million in 2025.
