Thursday, 17 December 2020
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.
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.
The Brussels Times