EnergyWatch

Slightly boosted oil prices despite worrying outlook

Recent days' downturn on the oil market turned around Tuesday morning with slight price increases.

Photo: Jan Unger

Oil price levels are weighed down by worrying prospects of growing output and rapidly increasing infection rates, Reuters reports.

A barrel of European reference oil Brent Tuesday morning costs USD 40.85 against USD 40.60 Monday afternoon CET. US benchmark crude West Texas Intermediate concurrently trades at USD 38.93 against USD 38.61.

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