EnergyScan

Crude oil prices sharply on the rise

Brent 1st-nearby prices have neared the key level of $70/b this morning. Expectations of higher oil output from OPEC+ producers and the potential comeback of the Iranian oil on the market are more than offset by evidence of strong economic recovery in the US. The decline in US crude and products stocks as well as the strong recovery in US demand also continued to push prices higher, the WTI closing at its highest level since October 2018 yesterday.

brent-timespread
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-gas
May 21, 2021

European gas prices bounce back

European gas prices eroded most of Wednesday’s losses in another extremely volatile session on Thursday: more than 2 euros between the intraday high and the…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet?  Sign up here!

[booked-calendar]