Oil prices rise to highest level since Covid-19 pandemic began
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Oil prices rise to highest level since Covid-19 pandemic began

Credit: Belga

Crude oil prices have risen to levels not seen since the start of the pandemic on Thursday.

Oil prices collapsed during the pandemic, even plunging below zero in April.

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A barrel of North Sea Brent rose 58 cents on Thursday to $51.66 (approximately €42.23).

US WTI oil rose 59 cents to reach $48.41 (€39.57).

The price hike is mainly due to a weak dollar, but also stems from the fact that many investors are expecting a rise in demand.

Jason Spinks
The Brussels Times