Oil prices remain under upward pressure

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-gas
April 21, 2021

European prices mixed yesterday

European gas prices were mixed yesterday, torn between the impacts of ongoing tight balances on the one hand and profit taking by financial participants on…
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? 

[booked-calendar]