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[size=35][size=35]The fall in oil prices, after touching their highest levels in 6 weeks[/size]
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2021-04-30 | 03:34
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Brent crude fell 31 cents, or 0.5 percent, to $ 68.25 a barrel by 06:30 GMT on the last trading day of the June contract.
WTI June crude was at $ 06:59 a barrel, down 42 cents, or 0.7%.
Prices came under pressure after the growth of factory activity in China slowed and the forecast failed in April, although the private sector survey showed that factory activity in [You must be registered and logged in to see this link.]Expanded in April at the fastest pace since early 2018.
Brent is on track to rise nearly 8% in April, while WTI could see gains of close to 10% for the month.
This will be their fifth monthly gain in six months as global demand has nearly returned to pre-pandemic levels on the back of fiscal stimulus and easing lockdowns.[You must be registered and logged in to see this link.] In some countries, while production cuts from OPEC and its allies including Russia have softened crude oil, supply oversupplied.
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Economie
[You must be registered and logged in to see this link.]2021-04-30 | 03:34
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1,898 Views
Today, Friday, oil prices recorded a decline after touching their highest levels in six weeks due to fears of broader closures in India and Brazil to curb the Corona pandemic, which offset rising expectations for summer fuel demand and economic recovery.
Brent crude fell 31 cents, or 0.5 percent, to $ 68.25 a barrel by 06:30 GMT on the last trading day of the June contract.
WTI June crude was at $ 06:59 a barrel, down 42 cents, or 0.7%.
Prices came under pressure after the growth of factory activity in China slowed and the forecast failed in April, although the private sector survey showed that factory activity in [You must be registered and logged in to see this link.]Expanded in April at the fastest pace since early 2018.
Brent is on track to rise nearly 8% in April, while WTI could see gains of close to 10% for the month.
This will be their fifth monthly gain in six months as global demand has nearly returned to pre-pandemic levels on the back of fiscal stimulus and easing lockdowns.[You must be registered and logged in to see this link.] In some countries, while production cuts from OPEC and its allies including Russia have softened crude oil, supply oversupplied.
[You must be registered and logged in to see this link.]
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