Wednesday 19 January 2022

Oil Hits Fresh Seven-Year High on Outlook for Resurgent Demand - Bloomberg

Oil Hits Fresh Seven-Year High on Outlook for Resurgent Demand - Bloomberg
PRICES
  • West Texas Intermediate for February delivery, which expires Thursday, rose $1.53 to settle at $86.96 a barrel in New York
    • The contract’s premium over March futures, know as the prompt spread, jumped above $1 a barrel, its strongest since mid-November
  • Brent for March settlement increased 93 cents to settle at $88.44 a barrel


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