Oil traded above $60/barrel on stimulus hope and the Middle East tension
Oil traded above $60/barrel on stimulus hope and the Middle East tension
Major international crude oil benchmark continues to push higher on 16 February 2021 in the hope that the US would inject another round of stimulus to ease the pandemic impact while the tension in the Middle East threat supply.
Brent traded at $63.35/barrel, up $0.92/barrel or 1.45%
WTI climbed to $60.05/barrel, up $0.58/barrel or 0.97%