Open Demo Account
Home / Market Update / Commodities / Oil Futures Rise on Positive Demand Expectations
Oil and Gas oil (
Oil and Gas

Oil Futures Rise on Positive Demand Expectations

M. Ali 3 May, 2021 10:56 pm Commodities, Market Update

Oil prices rose on Monday, amid signs of an improved demand outlook, despite the rising number of cases of the coronavirus, especially in India.

Recent expectations of a strong recovery in the global demand for crude oil during the second half of the year continue to provide support for oil futures.

Brent crude futures for July delivery increased by 80 cents, or 1.2%, to close at $67.56 per barrel.

Meanwhile, the West Texas Intermediate (WTI) crude futures for June delivery rose by 91 cents, or 1.4%, to settle at $64.49 per barrel.

Tags

Check Also

WWDC 2025: Wall Street Watches Apple’s Software, AI Upgrades, Market Gains

Apple’s Worldwide Developers Conference (WWDC), kicking off in Cupertino on June 9, 2025, promises a …

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