CommoPlast

Crude oil hit 7-year highs on bright demand prospect

Crude oil hit 7-year highs on bright demand prospect



International benchmarks for crude oil settled at the highest levels since 2014 on Tuesday, 26 October 2021 on the back of healthy demand prospects in the US and the persistent supply tightness globally.

Brent rose 41 cents to close at $86.40/barrel.

WTI ended the session with 89 cents gains, to $84.65/barrel.