Brent Crude price reaches USD60 a barrel, first time in over a year

Feb 08, 2021 AlShorts Web Desk

Oil prices rose on 8 February, with Brent reaching USD60 a barrel, boosted by supply cuts among key producers and hopes for further US economic stimulus measures to boost demand. US West Texas Intermediate advanced over 1% to USD57.85 by 0041 GMT. Analysts are expecting a small correction in crude prices as producers increase supplies on account of rising prices.