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[size=35][size=35]Oil prices at a two-year peak amid expectations of a rebound in demand[/size]
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2021-06-05 | 06:03
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Brent crude rose 0.8 percent, to set the settlement price at $71.89 a barrel, after touching $72.17, the highest level since May 2019.
And US crude "West [url=https://www.alsumaria.tv/Entity/2861960649/%D8%AA%D9%83%D8%B3%D8%A7%D8%B3 %D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7%D8%A9/ar/]Texas Intermediate[/url]" rose by 1.2 percent, recording 69.62 dollars. The highest price during the session was 69.76 dollars, which is its peak since October 2018.
The Organization of the Petroleum Exporting Countries and its allies said they would abide by the supply curb agreement. A weekly report showed that US crude stocks fell more than expected last week.
Oil's gains were boosted after US data showed that non-farm payrolls increased 559,000 jobs last month. The weakness in the US dollar occurred after the report, which reduces the cost of oil to holders of other currencies and supports crude prices.
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Economie
[You must be registered and logged in to see this link.]2021-06-05 | 06:03
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Source:
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1,703 views
Oil markets completed trading at record gains, as “Brent” exceeded $72 a barrel for the first time since 2019, thanks to the discipline of “OPEC +” supplies and the recovery in demand for crude.
Brent crude rose 0.8 percent, to set the settlement price at $71.89 a barrel, after touching $72.17, the highest level since May 2019.
And US crude "West [url=https://www.alsumaria.tv/Entity/2861960649/%D8%AA%D9%83%D8%B3%D8%A7%D8%B3 %D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7%D8%A9/ar/]Texas Intermediate[/url]" rose by 1.2 percent, recording 69.62 dollars. The highest price during the session was 69.76 dollars, which is its peak since October 2018.
The Organization of the Petroleum Exporting Countries and its allies said they would abide by the supply curb agreement. A weekly report showed that US crude stocks fell more than expected last week.
Oil's gains were boosted after US data showed that non-farm payrolls increased 559,000 jobs last month. The weakness in the US dollar occurred after the report, which reduces the cost of oil to holders of other currencies and supports crude prices.
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