Oil prices rise to three-year high on back of supply deficit forecasts

TheStar Sat, Oct 16, 2021 06:41am - 3 years View Original


Brent crude futures settled up 86 cents, or 1%, at US$84.86 a barrel. Front-month prices, which touched their highest level since October 2018 at $85.10, hit a weekly rise of 3%, its sixth straight weekly gain.U.S. West Texas Intermediate (WTI) crude futures rose 97 cents, or 1.2%, to $82.28 a barrel. The was up 3.5% on the week in an eighth consecutive weekly rise.

NEW YORK: Oil prices settled at a three-year high above US$85 a barrel on Friday, boosted by forecasts of a supply deficit in the next few months as the easing of coronavirus-related travel restrictions spurs demand.

Brent crude futures settled up 86 cents, or 1%, at US$84.86 a barrel. Front-month prices, which touched their highest level since October 2018 at $85.10, hit a weekly rise of 3%, its sixth straight weekly gain.

U.S. West Texas Intermediate (WTI) crude futures rose 97 cents, or 1.2%, to $82.28 a barrel. The was up 3.5% on the week in an eighth consecutive weekly rise.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Comments

Ah Choon Wong
1 Like · Reply
佈局買了兩个油气相关股,一个基本面强(存股)獨市生意,另一个会炒(短线交易).
也会得益于Petronas 接下来更多的支出,以扶持’土竹‘ 的相关下游公司。
油气,大家炒吧 !Malaysia Boleh !
kim wah
choon 哥 , 可以分享什么股吗?学习学习。。
Like · 3 years · translate
Absolue Total Compound (Former Total Reset)
猜不到。。。。。。。。。。。。
Like · 3 years · translate

Login to comment.