'The world price of oil today was 11/21/99 | Brent was 61 dollars and 11 cents The world price of oil today was 11/21/99 | Brent was 61 dollars and 11 cents As declining oil supply from major producers and optimism about increased demand boosted energy markets, oil prices rose to a 13-month high on Tuesday, the Tasnim news agency reported. . Brent North Sea crude rose 55 cents, or 0.91 percent, to $ 61.11 a barrel today, according to the report. West Texas Intermediate for March delivery rose 51 cents, or 0.88 percent, to $ 58.48 today. Prices for both oil indices have reached their highest levels since January 2020. Further production cuts by Saudi Arabia in February and March, in addition to lower production by members of the OPEC Plus group, narrowed the gap between supply and demand in global markets. Investors continue to hope that energy demand will recover with the introduction of the Corona vaccine. The weakening dollar has also pushed up the price of crude goods, including oil. Progress in approving the US government's stimulus package and optimism that the effects of the corona vaccine will emerge in the coming months, along with the weakening dollar, have led to a significant rise in oil prices, said Stephen Ines, an oil market analyst at Axie. Be. He also warned that technically both Brent and US crude had experienced higher-than-expected growth and that price increases might be somewhat offset. Although I am somewhat cautious about the current level of prices, the medium- and long-term outlook for demand seems to be positive, the energy market analyst added.'