Oil prices hit four-month high ...News

Russia Today - Economy
Oil prices hit four-month high
source : Russia Today ( News ) () 91
Brent futures topped $86 per barrel on Monday Crude prices soared to $86 per barrel on Monday, hitting a four-month high, with industry experts attributing the surge to China’s strong economic data and Ukraine’s drone attacks on Russian oil refineries. Global benchmark Brent futures have risen by 4% since last week to trade at $86 per barrel as of 9:45 GMT, while the US benchmark West Texas Intermediate was above $81. Oil prices have hit their highest levels since November after China’s macro-economic data exceeded expectations, adding to optimism over Beijing’s economy, market analysts say. Prospects for global t

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