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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.

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