global oil prices rose at the beginning of trading on Tuesday, amid follow-up developments in supply and demand in the crude market in light of the sharp increase in Corona virus infections in Europe and the United States of America. < / p>
and futures contracts for Brent crude for December delivery rose by 0.9% to reach $ 40.81 a barrel, and US NYMEX crude for December delivery increased by 0.8% to reach $ 38.85. Barrel.
oil prices recorded yesterday, Monday, the lowest settlement in 3 weeks with fears of the second wave of the Corona epidemic and its repercussions on the recovery of demand for crude.
With regard to the discussions of the fiscal stimulus package, US House of Representatives Speaker Nancy Pelosi expressed her optimism about the possibility of reaching an agreement after she made a phone call with Treasury Secretary Stephen Mnuchin on Monday.
The preliminary US crude stockpile estimates for last week, released by the Petroleum Institute, are due for release later today.
