Oil Prices On March, Despite Higher Inventories
Petroleum prices rose on Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in U.S. oil inventories last week and a weaker demand outlook due to rising COVID-19 infections.
Brent crude futures gained $2.06, or 3%, to trade at $71.40 U.S. per barrel, having hit a session low of $68.63 a barrel.
Original Article Source Credits: Baystreet , https://www.baystreet.ca/
Article Written By: Glenn Wilkins
Original Article Posted on: July 21, 2021
Link to Original Article: https://www.baystreet.ca/commodities/4846/Oil-Prices-On-March-Despite-Higher-Inventories