Oil prices rebounded sharply in global markets today Friday, to reach their highest levels, exceeding 68 dollars per barrel for the first time since last September.
Quoting Reuters, Brent crude futures rose 6 cents, which is 0.1 percent, reaching 68.10 dollars per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures rose 11 cents, which is about 0.2% to reach 61.80 dollars a barrel.
The agency attributed the reasons for the rise of oil prices to the end of U.S.-China commercial charges war, in addition to OPEC’s agreement with Russia on extending the reduction of production.