Oil prices jump to three-year high on back of supply shortage

Oil prices jump to three-year high on back of supply shortage
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19.10.2021

MOSCOW (MRC) -- Oil prices jumped to a three-year high above USD85 a barrel on Friday, on forecasts of a supply deficit over the next few months, spurred by rising demand due to the easing of travel restrictions, reported Reuters.Brent crude futures were up 77 cents, or 0.9%, at USD84.77 a barrel at 11:48 a.m. EST (15:48 GMT). Front-month prices, which touched their highest since October

Full article at mrcplast.com

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