Oil continues to achieve gains, and Brent exceeds the threshold of $ 72 a barrel

Economie| 08:31 – 07/06/2021


Follow-up – Mawazine News:
Oil continued its gains to reach its highest level in several years, today, Monday, supported by more optimistic economic prospects and expectations of higher demand for fuel.
Brent crude futures for the month of August rose 28 cents, or 0.4 percent, to $72.17 a barrel,
and US West Texas Intermediate crude prices, for the month of July, rose to about $70 for the first time since October 2018, recording $69.91 a barrel.
Analysts expect global oil demand to exceed supplies in the second half, despite the gradual easing of supply cuts by OPEC+ producers. Ended 29/A 4



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