Oil Price Surge

03 Jun 2021
Source: www.reuters.com
Date    : 
3 JUNE, 2021

Oil hits over 1-year high on OPEC+ supply discipline, demand prospects.

Brent rose $1.1, or 1.6%, to settle at $71.35 a barrel. It reached $71.48 a barrel, its highest since January 2020. US West Texas Intermediate (WTI) crude rose $1.11, or 1.6%, to settle at $68.83 a barrel. It hit $69.00 during the session, its highest since October 2018.

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