Oil prices jumped during Monday's trading, as Brent crude crossed the $ 71 barrier for the first time since the start of the Corona pandemic, supported by OPEC + decisions.
This rise comes after the failed terrorist attack by the Houthi militia on one of the oil tank yards in Ras Tanura port, in the eastern region, which is one of the largest ports The shipment of oil to the world, according to an announcement by the Saudi Ministry of Defense, and it made clear that the targeting attempt did not result, thank God, any injuries or loss of life or property.
and OPEC + decided to stabilize current production levels unchanged during April, after speculation that they would increase by about 500 thousand barrels per day, and the Kingdom decided to continue the voluntary reduction of production levels next month After it was scheduled until the end of this March.
The US Senate approved a $ 1.9 trillion financial stimulus package, which could contribute to supporting the world's largest economy in the face of the Corona pandemic.
futures contracts for Brent crude for May delivery rose by 2.3%, reaching at the beginning of today's session to $ 70.92 a barrel, after rising at $ 71.38 a barrel earlier. Of trades.
US Nymex crude for April delivery rose 2.2% at $ 67.54 a barrel, after rising at $ 67.98 a barrel earlier in trading, the highest level since October 2018. .
