Monday, 19 August 2019

Oil rises 2% after attack on Saudi field, stimulus expectations - Reuters

Oil rises 2% after attack on Saudi field, stimulus expectations - Reuters:

Oil prices gained roughly 2% on Monday after a weekend attack on a Saudi oil facility by Yemen’s Houthi forces threatened crude supplies and as traders looked for signs that top economies would take measures to counteract a global slowdown.

Brent crude LCOc1, the international benchmark for oil prices, settled at $59.74 a barrel, rising $1.10, or 1.88%.

U.S. West Texas Intermediate (WTI) crude futures CLc1 settled at $56.21 a barrel, up $1.34, or 2.44%.

No comments:

Post a Comment