Loading…
Brent crude traded near $70 a barrel on Monday, with Brent settling up 0.9% at $69.32 and WTI rising about 0.9%. Both benchmarks were set for a second monthly gain as trading was thin during US and UK holidays.
Expectations that oil demand will outpace supply, despite possible returning Iranian barrels, support crude prices. Higher crude lifts diesel and energy costs for feed logistics and processing.
aljazeera.comReutersMay 31, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
