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Oil advanced further on dollar weakness, bright demand prospect

Oil advanced further on dollar weakness, bright demand prospect



International benchmarks for crude oil settled higher on Monday, 21 June 2021 on the depreciating US dollar that makes the commodity more appealing to overseas investors. Meanwhile, industry experts predicted that demand for crude oil could rebound to above the 100.8 million barrel per day record in August 2019 due to the recovery of the leisure industry.

Brent jumped $1.39 to $74.90/barrel.

WTI rose $2.02 to $73.66/barrel.