Oil Prices Rise to Highest Levels in Three WeeksSingapore, 26 Mar (ONA) —- Oil prices rose slightly today due to concerns over supply, as the US is stepping up efforts to
limit Venezuelan oil exports, while a bigger-than-expected drop in US
inventories helped support prices.
Brent crude futures gained 20 cents, or 0.3%, to $73.22. US West
Texas Intermediate crude futures rose 20 cents, or 0.3%, to $69.20 a
barrel.
Both crude benchmarks reached their highest levels in three weeks
in the previous session.
The market received support after data from the American
Petroleum Institute showed that US crude inventories fell by 4.6
million barrels in the week ending 21 March 2025, indicating strong fuel
demand in the world’s largest economy. —- Ends/Khalid
