Oil up on US supply woes

Crude prices were otherwise headed for a plateau near the end of the week as coal and gas prices fell, curbing the development that boosted demand for oil in power generation.

Photo: Total S.A. / PR

Oil prices resume their surge on Friday due to the continued crisis in the US supply chain.

A barrel of European reference crude Brent costs USD 84.16 against USD 83.64 Thursday afternoon, with US benchmark West Texas Intermediate concurrently trading at USD 81.04 against USD 82.14.

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