Oil prices extended their gains today, Wednesday, as Brent crude futures rose $ 3.69 a barrel, despite an unexpected increase in US inventories.
The price of Nymex crude futures for May delivery rose 6 percent to $ 61.25 a barrel.
The price of futures contracts for Brent crude for May delivery rose 6 percent to $ 64.48 a barrel.
Oil prices were supported by the suspension of navigation in the Suez Canal, which led to the disruption of crude supplies.
Crude prices fell by about 6 percent in yesterday’s session, with fears of slowing demand due to the extension of the closure measures in Europe, amid fears of a third wave of the epidemic.
Earlier in the day, the US Energy Information Administration said that US stocks of crude oil, gasoline and distillates rose last week.
Source: “Reuters” + RT