Oil settled above $70/barrel on growing market confidence
Oil settled above $70/barrel on growing market confidence
International benchmarks for crude oil rebounded on Tuesday, 8 June 2021 on renewed market confidence that the accelerating vaccination programs and easing travel restrictions in the West would boost demand while the Iranian nuclear deals remain unclear.
Brent for August settlement gained 73 cents to $72.22/barrel.
WTI for July delivery gained 82 cents to $70.05/barrel.