Oil rises to 2-month high as US inventory drawdown signals possible market rebalancing ...United Arab Emirates

Russia Today - News

Major global crude benchmarks Brent and West Texas Intermediate (WTI) continued their bullish run on Thursday, trading at their highest since March as a drop in US crude inventories eased worries over supply glut. Both crude futures jumped nearly three percent, with Brent’s June contract hitting $36.79 per barrel and WTI settling at $34.40 a barrel. Crude prices have been advancing for the fourth consecutive session this week extending last week’s gains. So far this month, US crude has gained over 80 percent, while Brent has surged around 40 percent. Also on rt.com Global en

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Last updated : 21 May 2020 clock 05:40 PM

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Oil rises to 2-month high as US inventory drawdown signals possible market rebalancing ...United Arab Emirates

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