Oil prices rise as supply concerns mount

Capitals, May 21, WAM/ ⁠Oil prices rebounded today after two days of decline, due to ongoing concerns about supplies.

In light of the uncertain expectations of the end of the war on Iran, and amid concerns about the depletion of global stocks and the decline of American stocks.

Brent crude futures rose 81 cents, or 0.77 percent, to reach $105.83 a barrel, and US West Texas Intermediate crude futures rose 97 cents, or 0.99 percent, to reach $99.23.

Both crude oil prices fell by more than 5.6 percent yesterday, after US President Donald Trump said that negotiations with Iran had entered their final stages.

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