Oil prices continued to rise Friday, and US oil rose above $ 80 a barrel, for the first time since November 2014.
According to Bloomberg website data, US West Texas Intermediate crude futures stood 2.01% to $ 80.01 a barrel.
Meanwhile, Brent crude futures rose 1.54% to $ 83.21 a barrel.
The rise in oil prices comes in light of the increasing demand for black gold, and one of the reasons that contributed to the increase in demand is the beginning of some industries shifting from the use of expensive gas as fuel to oil.
Source: RT + Reuters