Oil prices rose during trading on Tuesday, amid investors' expectations of an improvement in demand for crude in light of the continued recovery of the global economy.
And Brent crude futures for March delivery rose 0.64% to $86.82 a barrel, and the US NYMEX crude for March delivery rose 0.48% to $83.71 a barrel. .
The rise in crude coincided with price volatility amid anticipation of the launch of the Federal Reserve meeting later today, as expectations indicate that it will pave the way for the start of raising interest rates in the coming period.< /p>
Investors are also following the latest developments related to the Russian-Ukrainian conflict, amid expectations that it will cause widespread repercussions on the oil and gas markets.
The fluctuations in oil prices come after they jumped to the highest level in more than seven years last week, with global consumption recovering from the repercussions of the Corona pandemic, which is causing the erosion of stocks. American.