Oil prices edged higher on Monday as countries continued to expand vaccination programs against coronavirus, and despite new cases and rise of new variants of the infection.

 

“(Oil) demand will recover across the board, led by Asia-Pacific and North America,” Reuters reported, citing a research note by Fitch Solutions.

 

“Europe and Latin America will lag, largely a reflection of softer economic recovery in key markets in these regions,” it said.

 

Oil prices are expected to remain around current levels for most of this year before a recovery gains ground towards year-end, according to a Reuters poll.

 

In terms of trading, international benchmark Brent crude was up 0.8% at 55.46 per barrel, at 9 am Makkah time.

 

WTI crude rose 0.6% to $52.49 a barrel.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request