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Oil prices continue to recover

© Belga

Oil prices continued the recovery on Thursday during Friday trading in Asia. The emergency measures taken by several central banks effectively sustained prices, according to reports.

A barrel of Brent from the North Sea cost 29.14 dollars on Friday morning, 67 cents more than the previous day. The price of a barrel of WTI American oil went up by 82 cents to reach 26.04 dollars.

Last week, crude oil prices were at their lowest level in 18 years as a result of the impact of the coronavirus and a price war between the major oil-producing countries. However, prices have noticeably picked up in the last few days.

The Brussels Times