Open Demo Account
Home / Market Update / Commodities / Oil Closes Higher with Brent Above $75.5 a Barrel

Oil Closes Higher with Brent Above $75.5 a Barrel

M. Ali 24 June, 2021 11:18 pm Commodities, Market Update

Oil prices finished higher on Thursday, as markets anticipate the upcoming OPEC+ meeting that comes amid a surge in prices due to expectations for stronger demand during the second half of the year, as the global economy is recovering from the coronavirus crisis.

Brent crude futures for August delivery rose for the second consecutive session, adding 37 cents, or 0.49%, to close at $75.56 per barrel.

This marked a fresh high for the global benchmark’s front-month contracts since the end of October 2018.

Meanwhile, the West Texas Intermediate (WTI) futures for August delivery gained 22 cents, or 0.30%, and finished at $73.30 per barrel.

Tags

Check Also

Bitcoin Extends Losses Amid Fed’s Hawkish Stance

Bitcoin continued its downward trajectory on Tuesday, marking its fourth consecutive daily decline as the …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends