Oil advanced on persistent MEA tension and improved demand prospect
International benchmarks for crude oil ended the trading session on Wednesday, 21 February 2024 with about 1% increase due to the continued geopolitical tensions in the Middle East
International benchmarks for crude oil ended the trading session on Wednesday, 21 February 2024 with about a 1% increase due to the continued geopolitical tensions in the Middle East and traders evaluated the demand prospect as US refineries completed maintenance season.
Brent futures increased by 69 cents or 0.8% to settle at $83.03 /barrel.
WTI futures increased by 87 cents or 1.1% to settle at $77.91 /barrel.