Oil advanced on tighter supply, recovering demand outlookOil advanced on tighter supply, recovering demand outlook |
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International benchmarks for crude oil continued to advance on Friday, 25 June 2021 as fuel consumptions in the US and the EU rebounded on the back of easing COVID-19 restriction. In the meantime, supply from Iran would need time to arrive now that talks on the nuclear deals dragged.
Brent for August rose 62 cents to $76.18/barrel.
WTI for August delivery increased 75 cents to $74.05/barrel.