Saturday, October 16, 2021

Oil gains for fifth day amid supply constraints

Global crude oil prices rose for a fifth straight day, today, with Brent at its highest since October 2018 and heading for 80 dollars a barrel amid supply concerns as demand picks up in parts of the world with the easing of pandemic restrictions.

So, Brent crude jumped 1 dollar and 15 cents to trade at 79.24 dollars a barrel. US crude Oil added 1 dollar and 7 cents, to 75.05 dollars a barrel.

Meanwhile, Goldman Sachs raised its forecast for Brent crude by the end of this year to 90 dollars per barrel.

- Advertisement -
Latest news

British lawmaker David Amess stabbed to death in terrorist incident, say police

British Police investigating the murder of a Conservative lawmaker is treating the case as a terrorist incident. Sir David Amess was stabbed multiple times...

US to accept mixed doses of Corona vaccines from international travellers

The US Centres for Disease Control and Prevention (CDC) has said that it will accept mixed-dose Corona virus vaccines from international travellers, a boost...

ASEAN to invite a non-political representative from Myanmar for its summit meeting

The regional grouping of Southeast Asian nations ASEAN has decided to invite a ‘non-political’ representative from Myanmar for the summit meeting to be held...

Minimum temperatures recorded below zero degrees consecutively for 2nd day in Ladakh

The minimum temperatures were recorded below zero degrees consecutively for the second day in Ladakh. According to the Ladakh Met Centre, on Saturday the...
Related news

British lawmaker David Amess stabbed to death in terrorist incident, say police

British Police investigating the murder of a Conservative lawmaker is treating the case as a terrorist incident. Sir David Amess was stabbed multiple times...

US to accept mixed doses of Corona vaccines from international travellers

The US Centres for Disease Control and Prevention (CDC) has said that it will accept mixed-dose Corona virus vaccines from international travellers, a boost...

ASEAN to invite a non-political representative from Myanmar for its summit meeting

The regional grouping of Southeast Asian nations ASEAN has decided to invite a ‘non-political’ representative from Myanmar for the summit meeting to be held...

Minimum temperatures recorded below zero degrees consecutively for 2nd day in Ladakh

The minimum temperatures were recorded below zero degrees consecutively for the second day in Ladakh. According to the Ladakh Met Centre, on Saturday the...