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Oil prices rise: Brent over $62

Oil prices rise: Brent over $62
29.05.2020 08:00
Crude oil prices rose on Tuesday as speculators created fresh positions amid positive cues from overseas markets.

The prices remained upbeat owing to OPEC-led supply cuts and US sanctions against Venezuela's petroleum industry, coupled with healthy earnings numbers posted by major oil players overseas, reports said.

West Texas Intermediate gained 0.48 per cent to USD 54.82 for March delivery.

Brent crude prices rose 0.32 per cent to trade at USD 62.71 per barrel for April delivery.


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