Global brent crude oil price teases USD 70 per barrel mark as demand rises
NEW DELHI: The global crude oil market is witnessing a sharp spurt in demand as the overall global economy has begun to pick up pace after vaccination drives across advanced economies continue to increase the number of fully vaccinated individuals in the world.
Despite the sharp rise in cases in India among the three largest oil consumers in the world brent crude oil prices rose to just below the $70 per barrel mark on Wednesday. The day’s high was $69.95 per barrel, though the commodity fell to $69.34 per barrel by 11 pm.
