After the losses, oil prices are rising

Oil prices stabilized after falling about 7% in the previous session, in light of concerns about the rise in Covid-19 infections, which come at a time when producers reached a new agreement on supplies.

Brent crude rose 1% to $69.32 a barrel. US crude rose 1.3 percent to $67.28 a barrel.

Analysts reported that the selling, which pushed prices to their lowest levels in two months, was driven by fears of an outbreak of the “delta” strain of the Corona virus, while stocks fell and bonds rose.

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