CommoPlast

Crude oil nudged higher on optimism over economic recovery

Crude oil nudged higher on optimism over economic recovery



International benchmarks for crude oil inched higher on Friday, 7 May 2021 even the outbreak in India continues to worsen, thanks to the optimism over the global economic recovery as the US and the EU ease COVID-19 restrictions and recovering factory activities.

Brent gained 19 cents to $68.28/barrel. 

WTI gained 19 cents to $64.90/barrel.