Oil prices increase two continuously on Friday



Oil prices increase two continuously on Friday (July 9th) as data reveals raw oil stocks in the United States. However, oil prices are still dropping this week, when there is uncertainty on global supply after OPEC + non-smooth.
At the end of Friday's trade session, Brent's raw oil contract increased $ 1.43 (or 1.93 %) up to 75.55 USD / Barrel. WTI oil contract plus $ 1.62 (2.22 %) to $ 74.56 / barrel.
Brent and WTI oil prices have dropped by 1 % this week, which has been pressured by failure of the OPEC's contract between oil export and Russian collapse.
US oil and gas stocks have fallen and gas demand has reached its highest level since 2019, the US Power Agency (EIA) announced Thursday (July 8th) which indicates a higher rise in the economy.
′′ Apparently the oil market in the United States is being tightened But... The only way to prevent more downfall is to prevent the threats of war between OPEC +" Stephen Brennock of PVM commercials Conference.
Source: CNBC