February 8, 2023

Today, Friday, oil prices rose significantly compared to the prices observed during the last period.

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The increase came after data showed a reduction in fuel supplies following a winter storm that swept the United States of America.

And futures for Brent crude rose 79 cents, or 1%, to $79.48 a barrel after rising 85 cents to $78.69 as settled yesterday (Thursday).

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West Texas Intermediate crude oil futures rose 80 cents, or 1.1%, to $74.47 a barrel after rising 83 cents to $73.67 in the prior session.

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