Oil rose for the fifth straight session on tight supply, recovering demandOil rose for the fifth straight session on tight supply, recovering demand |
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International benchmarks for crude oil extended the firming trend for the fifth straight session on Monday, 27 September 2021 on the persistent concerns over supply tightness while demand recovers in parts of the world. Goldman Sachs lift forecast for Brent to $90/barrel by the year-end, fueling bullish expectation.
Brent settled $1.44 or 1.8% higher at $79.53/barrel.
WTI rose $1.47 or 2% to close at $75.45/barrel.