Oil prices improve, nears pre-pandemic rates
The prices in global crude prices have shown signs of improvement according to the latest results. Crude rates and demand have pummeled as activities in most countries remain limited due to the COVID-19 pandemic. Crude prices soar, despite lockdowns The prices of oil have increased having been negatively impacted by the COVID-19 pandemic in 2020. Though the demand for crude is still not at pre-pandemic levels, there is improved optimism that these oil volumes will increase very soon. The rates of crude oil are usually seen as a measurement for economic activities still battling with coronavirus. The latest figures show that crude oil has reached $59 a barrel, rising more than 55% in a few months. The Brent Crude which is an important benchmark for oil globally has seen positive growth...
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