Oil prices turn higher, Brent crosses $84

17/06/2024 Argaam
Oil drilling rigs

Oil drilling rigs

Oil prices ended higher on Monday amid concerns about weak supplies and higher demand at a time the geopolitical tensions in the Middle East accelerate.

 

Brent crude futures leapt 1.95%, or $1.63, to $84.25 a barrel.

 

Similarly, futures prices for US West Texas Intermediate (WTI) crude jumped 2.4%, or $1.88, to $80.33 per barrel.

 

 The gains were partially driven by a decline in the dollar index, which measures the US currency against a basket of major peers, fell by 0.20% to 105.36 points, at 10:28 pm Makkah time.

 

China's oil refinery output slipped 1.8% from year-ago levels in May, statistics bureau data showed on Monday.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.