Brent broke the price of Brent barrier $ 70 a barrel for the first time since March 5, is coinciding with optimism about demand forecasts in major areas such as the United States, despite the return of Corona virus in parts of Asia.
According to Arab Net, futures in London for the third session, while New York rose rose from the highest settlement in two years.
The largest number of travelers passed through US airports since the epidemic began, in a reference to a local travel recovery that enhances fuel consumption. The recovery in America along with China and Europe also compensated concerns about the weakness of consumption in India.
Oil rose almost 35% this year, amid optimism that demand for fuel will increase as vaccination campaign in major economies and promote mobility.
However, the new wave of the outbreak of Corona virus in India and areas have largely contained virus such as Taiwan, is a reminder that recovering will be uneven and grateful.
Jeffrey Halle said, large market analysts in Oanda Asia Pacific: obviously the market focused on the United States, Europe and China.
He added that Brent could rise to $ 72 a barrel very quickly, as soon as he penetrated strong resistance at $ 70, according to Bloomberg.
The number of passengers who record access through security points at US airports rose to 1.85 million passengers on Sunday, the highest level since early March 2020, according to transport security management data.
The number of travelers who resist their way across stations rose steadily during the last month, now less than 30% of the levels of transportation management at the same time 2019.
The weakness of the dollar also strengthens the attractiveness of goods such as US currency. The Dollar is fell for the fourth session.
