Oil nudged lower on profit-taking after hitting two-year high
Oil nudged lower on profit-taking after hitting two-year high
International benchmarks for crude oil moved lower on Monday, 7 June 2021 as investors took profit after prices hit a two-year high on the back of improving demand prospect and tightening supply outlook.
Brent slipped 40 cents to $71.49/barrel.
WTI for July delivery fell 39 cents to $69.23/barrel.