Oil gained for the fourth consecutive week on tighter supply prospect
Oil gained for the fourth consecutive week on tighter supply prospect
International benchmarks for crude oil rebounded on Friday, 18 June 2021 from the previous day’s losses after OPEC sources said that output from the US would remain lower than usual, while the group maintains strict supply discipline to encourage investors.
Brent climbed 43 cents to $73.51/barrel.
WTI rose 60 cents to $71.64/barrel.