Fetching News Details

Crude oil prices up with stocks but COVID-19 fears May cap gains
June 22, 2020
Source: Reuters

Crude oil prices up with stocks but COVID-19 fears May cap gains

Oil turned around last week’s setback, extending a slow but relentless rise since falling into negative territory in April. Brent crude rose 0.2%, to $42.28, while WTI was at $39.76 a barrel, up 1 cent. Both contracts rose about 9% last week and Brent crude futures flipped into backwardation, where oil for immediate delivery costs more than supply later, usually an indication of tightening supply.

   Read More About : Brent Price Oil Prices OPEC WTI coronavirus
⬅ all news

Please Login to Save News for Later