Oil prices fell yesterday, with a record weekly rise - Economist

Oil prices declined yesterday, but they continued to make a weekly profit with improved prospects for demand and indications of a strong economic recovery in China and America, which dispelled the impact of concerns about the increase in Coronavirus infections.

Oil prices in Brent crude futures fell by 21 cents, equivalent to 0.3%, which led to its price reaching $ 66.71 a barrel.

Oil prices in the US West Texas Intermediate crude fell 32 cents, equivalent to 0.6%, which led to its price reaching $ 63.08 a barrel.

In the same context, we find that there has been a 6% rise in oil prices last week in Brent crude, and this week the "International Energy Agency" and the Organization of Petroleum Exporting Countries both revised raising expectations of oil demand growth in 2021, indicating a stronger than expected recovery For activity in specific economies.