Oil Hits $60 For The First Time Since Pandemic Started ...Middle East

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Brent Crude prices hit $60 a barrel early on Monday, rising above that threshold for the first time since the start of the COVID-19 pandemic early last year. As of 8:54 a.m. ET on Monday, Brent Crude was trading at $60.10, up by 1.28 percent, and WTI Crude was up 1.25 percent at $57.56. Continued production restraint from the OPEC+ group and the extra cut from the alliance’s key member and world’s top oil exporter, Saudi Arabia, supported oil prices at the start of this week, after oil posted last week its third consecutive weekly gain.…

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Last updated : 08 February 2021 clock 06:32 PM

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