Sunday, August 1, 2021

Oil prices remain on track for 5th consecutive weekly gain

Oil prices today fell, but remained on track for a fifth consecutive weekly gain on expectations that demand growth will outstrip supply and OPEC producers will be cautious in returning more supply to the market from August.

In intra-day trade, Brent crude prices were trading around 75 dollars and 50 cents per barrel while WTI crude prices were around 73 dollars and 10 cents per barrel.

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