Oil & Gas
Oil Prices Rise 3%.. Brent Crude is Near $112
Irene Jerry
2 years, 10 months
Oil prices shifted nearly 3% higher at the end of trading on Thursday, with Brent crude rising near $112, with reports indicating that the European Union is considering a Russian oil embargo.
This comes as traders weigh a larger-than-expected increase in US oil inventories against tight global supplies.
The weekly report issued by Baker Hughes showed that the number of oil rigs in America increased by two rigs during the past week, bringing the total to 546 rigs
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