Oil up 1%, US WTI at 5-month closing high, market seen
Crude prices edged up about 1% on Monday with U.S. futures closing at a five-month high, on expectations that economic growth in the U.S. and China will boost demand, while supplies tighten on OPEC+ output cuts and attacks on Russian refineries.
Brent futures for June delivery settled at $87.42 a barrel on Monday, June's first day as the front month. That was up about 42 cents, or 0.5%, from the April 28 settlement price for the June contract. April 29 was the Good Friday holiday.
On April 28, the May Brent contract settled at a five-month high of $87.48 a barrel.
U.S. West Texas Intermediate (WTI) crude futures gained 54 cents, or 0.7%, to settle at $83.71, their highest close since Oct. 27.
Brent futures for June delivery settled at $87.42 a barrel on Monday, June's first day as the front month. That was up about 42 cents, or 0.5%, from the April 28 settlement price for the June contract. April 29 was the Good Friday holiday.
On April 28, the May Brent contract settled at a five-month high of $87.48 a barrel.
U.S. West Texas Intermediate (WTI) crude futures gained 54 cents, or 0.7%, to settle at $83.71, their highest close since Oct. 27.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.