The prices of oil rose on Tuesday, as it expects a recovery in the global economy. After the approval of $1.9 trillion encourages bills and on a likely decline in crude oil inventories in the U.S. which is the world’s biggest fuel consumer.
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Brent Crude futures may rise by 53 cents, or 0.8% to $$68.77 a barrel by 0436 GMT, while U.S. West Texas Intermediate (WTI) crude for April rose 44 cents, or 0.7%, to $65.49.
The United States mentions alarm at “genuine security threats”. to Saudi Arabia from Yemen’s Iran-aligned houthis in the region. says “It will look at improving support from Saudi Arabia defenses.
As OPEC, Russia, and their oil-producing allies agree on broadly sticking without cuts despite rising crude prices, the attacks come. Investors’ focus, meanwhile remains on the prospectus for recovery of the global economy.
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