Brent edges towards $70 on robust US data
Opec+ could stick to output policy and concerns over Iranian supply return ease
28 May 2021 - 07:33
Singapore — Oil prices pushed higher on Friday, supported by firm US economic data and expectations of a strong rebound in global fuel demand in the third quarter, while concerns eased about the impact of any return of Iranian supplies.
Brent crude futures for July gained 16c, or 0.2%, to $69.62 a barrel by 0.50am GMT while US West Texas Intermediate crude for July was at $67.17 a barrel, up 32c, or 0.5%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.