Oil prices rose at the beginning of the week's trading, today, Monday, in the oil futures market, by about two dollars, as Brent crude futures recorded $ 121.78 a barrel, while it reached US crude futures contract to $120.99 a barrel.
Oil, at the end of last week, recorded the sixth weekly gain, as West Texas Intermediate crude rose to settle above $ 118, achieving a weekly gain of 3.3%, while crude ended Brent trading Friday at the level of $ 121.35, with gains of $3.74, or 3.18%.
The (OPEC +) alliance agreed, last Thursday, to increase production during the months of July and August.
At the same time, job growth in the United States has exceeded estimates, indicating continued economic growth that will boost demand for crude and refined products, according to a Bloomberg report. Al Arabiya.net.
