Oil prices leapt 4% on Friday afternoon in Asia, making up ground following the American strikes against a pro-Iranian group in Iraq - an oil-producing country and Opec member - that are likely to reduce production.
American West Texas Intermediate registered an increase of 4.03%, rising to $32.77 a barrel, whereas a barrel of Brent crude from the North Sea went up by 3.85% to $34.50.
These changes followed an initial downward trend due to the price war between Saudi Arabia and Russia as well as the coronavirus pandemic, provoking a collapse in the equity and oil markets this week.
The Brussels Times
