Hong Kong: The price of Brent crude reached their highest level in more than seven years on Tuesday in growing demand optimism, reducing concerns about omicron covid geopolitical variants.
The contract reached $ 86.84 in Asian trade, a level that was not visible since the end of October 2014.
Brent and West Texas Intermediate has risen more than 10 percent as far as this year because investors become increasingly convinced that demand will increase normal to normal and the economy reopens.
The latest lump came after Huthi Yemen’s rebels claimed the attack in Abu Dhabi who triggered a fuel tank explosion that killed three people on Monday, adding that civilians and foreign companies in the United Arab Emirates must avoid “vital installations”.
News sparked concern about the inventory of raw raw regions.