Open Demo Account
Home / Market Update / Commodities / Oil Futures Finish Higher on Positive Expectations

Oil Futures Finish Higher on Positive Expectations

M. Ali 2 June, 2021 11:29 pm Commodities, Market Update

Oil prices finished higher on Wednesday at their best level in about two years, as the results of the most recent OPEC+ summit projected stability and positive expectations for demand recovery during the second half of the year.

Brent crude futures for August delivery gained $1.1, or 1.6%, to close at $71.35 per barrel.

Meanwhile, the West Texas Intermediate (WTI) crude futures for July delivery added $1.11, or 1.6%, to end the session at $68.83 per barrel.

Tags

Check Also

Oil Prices Slip as U.S. Fuel Stockpiles Rise, Saudi Price Cuts Add Pressure

Oil prices fell in Asian trade on Thursday, extending losses from the previous session as …

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