Sun, 2021-01-31 01:32
Despite a strong Wall Street fall amid worries about stalled vaccine rollouts and the spread of COVID-19 variants, oil prices remained stabilized near to last week’s levels.
Brent closed the week slightly higher, up $0.47 per barrel to $55.88 per barrel. West Texas Intermediate closed the week slightly lower, down $0.07 per barrel to $55.20 per barrel. A weaker dollar could not move oil prices up much higher, while the persistence of recurring lockdowns around the world could not cap oil price gains.
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