Crude oil market rebounded after oversell
Crude oil market rebounded after oversell
International benchmarks for crude oil rebounded on Friday, 19 March 2021 as a result of investors believed that the recent selloff was overdone. However, compared to last week, both Brent and WTI lose nearly 7%.
Brent closed at $64.53/barrel, up $1.25/barrel or 2%.
WTI closed at $61.42/barrel, up $1.42/barrel or 2.4%.