Crude oil settled higher on concerns over weather condition
Crude oil settled higher on concerns over weather condition
International benchmarks for crude oil moved higher on Friday, 21 May 2021 after three days of losses after a storm in the Gulf of Mexico threaten supply. However, investors remain focused on the Iranian nuclear deals that would allow the country to freely export their crude.
Brent gained $1.33 or 2% to $66.44/barrel.
WTI gained $1.64 or 2.65% to 63.54/barrel.