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Rise in Oil Prices in Global Markets

May 22, 2026اقتصاد البلدiqtissadalbalad.dzTranslated from Arabic
اقتصاد البلد

Oil prices rose in trading on Friday amid investor doubts about the prospects for progress in peace negotiations between the United States and Iran. As of 09:20 Algerian time, futures contracts for West Texas Intermediate crude for next July were trading at $98.63 per barrel, an increase of 2.37% from the previous closing price. Meanwhile, futures contracts for Brent crude for the same month were trading at $105.05 per barrel, an increase of 2.89% from the previous settlement price.

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