Oil Prices Continue To Rise; May Average At $70 Per Barrel This Year

Oil prices continued to rally even as the equity markets around the world shed some war fears. Benchmark Brent Crude was trading at around $82 per barrel while WTI Crude hovered around $75.47 per barrel on Thursday at 3 PM IST. Earlier in the trade, Brent jumped above the $84 per barrel mark before easing down to $82. While Brent was up 0.96 percent, WTI Crude rose 1.23 percent. The rise in crude prices has come despite equity benchmarks around the world easing on war fears and experiencing buying sentiment on the back of some positive developments. Asian equity markets…