brent crude surpasses 50 a barrel for first time this year
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Brent crude surpasses $50 a barrel for first time this year

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Arab Today, arab today Brent crude surpasses $50 a barrel for first time this year

Brent crude surpasses $50 a barrel for first time this year
Singapore - Arab Today

Oil prices surged above $50 a barrel for the first time in 2016 after data overnight showed a fall in US crude inventories, adding to expectations of a tightening global market.

At around 0200 GMT, Brent North Sea crude for July delivery was up 32 cents at $50.06, while US benchmark West Texas Intermediate (WTI) was trading 28 cents higher at $49.84.

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