Fri, 05 Mar 2021 11:04:48 GMT
Oil reaches record high
During Friday's European trading hours, crude oil price benchmarks continued their surge, as 14-month high levels were reached.
Crude oil prices have gained more than 80% since the start of November, as the global coronavirus vaccination was expected to bring back demand. Meanwhile, OPEC+ has cut its supply in an effort to fuel the price surge.