According to trading data, world oil prices returned to growth on Thursday evening on general optimism after a correctional decline in the afternoon.

Report informs, citing Prime, that the price of June futures for North Sea Brent crude rose by 0.23%, to $66.73, and May futures on WTI gained 0.13%, reaching $63.23 per barrel.

The day before, oil prices rose within 5%, which led to a correctional decline in quotations earlier on Thursday.

Traders' optimism is still associated with the assessment of the balance of supply and demand for oil in the market. On Wednesday, the US Department of Energy announced a decline in the country's oil reserves at the fastest pace since February, to 492.4 million barrels, and the International Energy Agency (EIA) upgraded its forecast for global crude demand in 2021.

Energy Aspects analysts, quoted by the Wall Street Journal, say global oil demand is "recovering, albeit unevenly."

Moreover, robust statistics from the US, indicating economic growth, support the positive sentiment in the market. US retail sales rose 9.8% in March compared to February, a record since May 2020.

Subscribe to our Linkedin page

Foreign ministers of the European Union (EU) countries will hold an unofficial video conference on April 19, Report's Georgian bureau informs, citing the EU Council.

The online event will also include discussions on the latest events in Georgia.

EU High Representative for Foreign and Security Policy Joseph Borrell will brief the Foreign Ministers on current issues, recent processes, and planned measures. In addition to Georgia, the meeting will be devoted to India, Myanmar, Mozambique, and negotiations on the Iranian nuclear program.

The ministers will also hold talks with Ukraine's Foreign Minister Dmytro Kuleba through video conferencing.

Subscribe to our Facebook page

"The approach demonstrated by the Armenian Foreign Ministry is not surprising because these baseless allegations are traditionally voiced by official Yerevan. Unfortunately, the Armenian side, as always, is busy distorting what it hears," Azerbaijan's Foreign Ministry Spokeswoman Leyla Abdullayeva said answering questions about the comment from a representative of the Armenian Foreign Ministry regarding the Azerbaijani President's statements.

Report informs that, according to her, Armenia, which has territorial claims against Azerbaijan, is trying to look for such points in the views voiced by Azerbaijani officials:

"As it is known, Armenia has pursued a policy of aggression against Azerbaijan for many years, in violation of the principles of international law, sovereignty, territorial integrity, and inviolability of international borders. On the contrary, Azerbaijan supports the normalization of bilateral relations based on the principles of international law. Armenia, which is trying to portray history as its strong side, still confuses history with mythology. That is why the Armenian people have been held hostage to these lies and myths for years. The sooner official Yerevan realizes this fact, the sooner the Armenian people will be able to benefit from lasting peace and security. "

Subscribe to our Linkedin page