Oil settled higher on upbeat demand prospect
Oil settled higher on upbeat demand prospect
International benchmarks for crude oil settled higher on Tuesday, 1 June 2021 on positive expectations of better demand from the summer driving season in the US while the Iranian nuclear deal is still in the air.
Brent gained 93 cents or 1.3% to settle at $70.25/barrel.
WTI climbed $1.40 or 2.1% to close at $67.72/barrel.