Oil prices rose during trading on Tuesday, in light of hopes that global demand for crude would recover with an increase in vaccination rates against the virus, and before the release of preliminary US stock data.
According to Reuters, analysts at ANZ emphasized that robust road traffic data in most major provinces indicates that the rise in casualties has little impact. /p>
The United Kingdom also announced yesterday, Monday, that it had recorded the lowest daily rate of coronavirus infections since July 4th.
In terms of trading today, Brent crude futures for September delivery rose by 0.5% to reach $74.89 a barrel.
The US NYMEX crude contracts for September delivery also rose by 0.4%, recording $72.16 per barrel.
The American Petroleum Institute will reveal later today preliminary inventory data for the past week.
