Oil Price Hits $71.28 Per Barrel - EazyFeeds

Trending News / Gist at Your Finger Tips

Latest News

Post Top Ad

Your Ad Spot

Monday, 8 March 2021

Oil Price Hits $71.28 Per Barrel


 For the first time in 2021, oil price has risen to $71.28 per barrel in the international market.


This is coming on the heels of Thursday’s meeting where the Organisation of Petroleum Exporting Countries (OPEC) and other members resisted the pressure to increase production.


Before Thursday’s meeting, Brent oil was up $1.28, or two per cent, to $63.98 a barrel by 1050 GMT on Wednesday.


Norbert Rücker, an analyst at Swiss bank Julius Baer, on Wednesday, revealed that oil prices might push above $70 before mid-year.


“We see oil prices pushing temporarily above $70 by mid-year,” he said.


No comments:

Post a comment

Feel Free To Leave A Comment

Post Top Ad

Your Ad Spot