CommoPlast

Oil rose moved higher as the USD weakened

Oil rose moved higher as the USD weakened



International benchmarks for crude oil inched higher on Thursday, 5 August 2021 – the first gain this week on the back of weakening US dollars while trader takes a step back to assess the impact of the Delta variant on the demand.

Brent added 91 cents to $71.29/barrel.

WTI rose 94 cents to $69.09/barrel.