Sun, 2021-02-14 00:44
Despite mixed signals from the International Energy Agency (IEA) oil monthly report, prices extended weekly gains and rose to the highest level in more than 13 months on signs that the
global market is tightening and demand is improving.
On the week’s closing, Brent crude price breached the $60 mark and closed the week higher at $62.43 a barrel. The West Texas Intermediate (WTI) crude price also extended its rally and closed the week higher at $59.47 a barrel.
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