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Global oil price hike

London-ALsharqiya June 14: Oil prices jumped today, Monday, above $73, at their highest level in more than two years, thanks to improved expectations for demand for fuel. Brent crude rose 51 cents to $73 and 20 cents a barrel, the highest level since May 2019. US crude rose 47 cents to $71 and 38 cents a barrel, the highest since October 2018. The International Energy Agency said on Friday that the Organization of the Petroleum Exporting Countries should OPEC and its allies in the OPEC Plus group have increased production to meet the recovering demand.

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