Oil prices dropped a little on Friday (July 30th) but still record rising this week with higher demand as vaccinations are expected to reduce global explosions of Covid-19 cases.



After Friday's trade session, Brent's raw oil contract has dropped 2 cents to $ 76.03 / barrel. WTI oil contract lost 8 cents to $ 73.53 / barrel.
These two contracts have increased by 2 % this week.
Despite the number of Covid-19 cases rising in the United States across Asia and some parts of Europe, analysts have known that high-vaccination rates will determine the demand of solid shutdowns that could reduce fuel demand during last year's heat of diseases.
′′ Oil market seems no longer concerned about Delta's viral issue with the rising levels like earlier last week ′′ according to Carsten Fritsch's conclusion. Commerzbank analyst.
Analytics also pointed out quick recovery in India's gas and industrial use after Covid-19 explosion earlier this year, a sign that the economy is getting better preventing the disease.
Commonwealth Bank's Vivek Dhar market analyst shares: ′′ Delta's virus is a risk, but will it be weakened by mid-year growth We can see that it's not