WTI Oil Hits $70 for First Time Since 2018 as Market Tightens
Author of the article: Ben Sharples Publishing date: Jun 06, 2021  â¢Â 2 hours ago  â¢Â 1 minute read  â¢Â Article content (Bloomberg) â Oil in New York hit $70 a barrel for the first time since October 2018 as upbeat comments on the market from major trader Vitol Group added to optimism over the global demand recovery. Futures climbed as much as 0.6% during early trading on Monday after posting a second straight weekly gain. OPEC+ appears in control of crude prices, with U.S. production lagging pre-pandemic levels, Mike Muller, Vitolâs head of A...
Source: financialpost.com