Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/befikry/energyscan.befikry.com/wp-includes/functions.php on line 6121
Crude oil prices sharply on the rise – EnergyScan

Crude oil prices sharply on the rise

  • Oil

Brent 1st-nearby prices have neared the key level of $70/b this morning. Expectations of higher oil output from OPEC+ producers and the potential comeback of the Iranian oil on the market are more than offset by evidence of strong economic recovery in the US. The decline in US crude and products stocks as well as the strong recovery in US demand also continued to push prices higher, the WTI closing at its highest level since October 2018 yesterday.

brent-timespread
Share this news :

You might also read :

ES-power
October 27, 2021

EUAs edged up but failed to break resistance

The power spot prices faded in Northwestern Europe yesterday, pressured by forecasts of rising wind and solar generation and improved French nuclear availability. The day-ahead…
ES-economy
June 16, 2021

Waiting for the Fed

Apart from the continued increase in oil prices, the market is fairly calm. The Fed meeting ends today with its traditional press release and Mr.…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]