Crude oil prices rose last week as tight supply is keeping oil prices afloat despite demand concerns. Brent crude futures on the Intercontinental Exchange (ICE) are up 0.7 percent last week and MCX crude futures (continuous contract) are up 2.4 percent. They closed at $94.15 and £7,213 a barrel respectively.
There were factors that could have weighed on the energy commodity. For example, US inventories increased by 2.6 million barrels compared to a…
