Oil prices remain under upward pressure

  • Oil

Brent prices reached a new two-year high level overnight near $72/b, while WTI prices touched $69.4/b. The market remains in a bullish mood after the OPEC+ group left its plans unchanged for the coming months, despite the rise in prices. The market is also adjusting its expectations regarding the comeback of the Iranian oil, as nuclear talks prove more difficult than expected. Finally, the API figures suggest US crude stocks were sharply down again last week.

 
us weekly stock change
Share this news :

You might also read :

ES-economy
July 16, 2021

Growth deceleration

Global bond yields continued to decline, with short term interest rates left unchanged by South Korean and Japanese central banks. Equities continued to trade sideways in the…
ES-economy
March 17, 2021

The market is waiting for the Fed

Financial markets should remain rather cautious today ahead of the end of the Fed meeting. We do not expect any policy change, but the tone…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]