Oil Prices On March, Despite Higher Inventories

Author: External Author | | Categories: Oil Well Optimization , Oilfield Service Company , Oilfield Services

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.

Read More

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