Brent futures rose by $ 70.73

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Brent futures rose by $ 70.73

Post  Admin on Wed Apr 11, 2018 8:28 am


Brent crude rose more than $ 2 to $ 70.73 a barrel on Wednesday, while US crude was above $ 65, as markets continued their strong gains in the previous session on hopes of resolving a US-China trade dispute without hurting the global economy.

Prices remain within recent ranges as oil markets continue to face an oversupply that puts pressure on producers to keep their prices competitive in order not to lose market share.

The gains came after a 2% rise in oil prices yesterday, recovering from a 2% drop on Friday.


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