Crude oil extended the weakening trend as investors assess demand condition
Crude oil extended the weakening trend as investors assess demand condition
International benchmarks for crude oil traded lower on Friday, 19 February 2021 as investors assess the impact of the shutdown at US refineries following the polar storm on the demand in the coming weeks. Industry sources said that US refineries would take weeks to restart.
Brent settled at $62.91/barrel, down $1.02 or 1.62%.
WTI settled at $59.24/barrel, down $1.28 or 2.16%.