Open Demo Account
Home / Market Update / Commodities / US Crude Jumps to The Top of 2014 After The Disagreement of OPEC + Producers

US Crude Jumps to The Top of 2014 After The Disagreement of OPEC + Producers

Adel 6 July, 2021 1:59 pm Commodities, Market Update

Oil prices jumped to their highest levels in several years, and saw US crude reach its highest level since 2014, after OPEC + producers disagreed about plans to increase supplies in the face of rising global demand.

Brent crude jumped 62 cents, or 0.8 percent, to $77.78 a barrel after the opening of European markets, a level not seen since October 2018. US West Texas Intermediate crude futures were trading up $1.75, or 2.3 percent, at $76.91, the highest level. Since November 2014.

Tags

Check Also

Goolsbee Lauds September’s Jobs Report

Interviewed at Bloomberg, Chicago Fed President Austan Goolsbee said on Friday that he considered the latest …

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