Open Demo Account
Home / Market Update / Commodities / Oil Closes Higher On Recovery Hopes

Oil Closes Higher On Recovery Hopes

M. Ali 13 April, 2021 1:00 am Commodities, Market Update

Oil prices rose on Monday, amid optimism about the prospects of the recovery of economic growth and the global demand for energy.

Brent crude futures for June delivery increased by 33 cents, or 0.52%, to finish at $63.28 per barrel.

Meanwhile, the U.S. West Texas Intermediate (WTI) crude futures gained 12 cents, or 0.2%, to close at $59.40 per barrel.

Tags

Check Also

U.S. Producer Prices Rise in May, Dollar Weakens Amid Trade Uncertainty

The latest data from the Bureau of Labor Statistics (BLS) revealed that Producer Prices increased …

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