Brent crude prices close at $67 gaining 0.09%

Factual Pursuit of Truth for Progress


Brent Crude oil prices gained marginally by 0.09% on Sunday to close at $66.82.

This followed a boost recorded last week with Brent Crude trading for over $68 per barrel before settling below $67 in the weekend.

The bearish moves by oil prices continued in the early hours of Monday with Brent trading at $66.66, while WTI traded at $63.53.

There was also a boost in oil prices last week as a result of hopeful expectations about demand from OPEC+ and rebalancing fuel inventories in the United States.

In the meantime, Goldman Sachs expects global oil demand to realise the biggest jump ever, in the next six months, maintaining its bullish forecast for oil prices.

Goldman Sachs continues to see oil rising to $80 per barrel this summer and says that, “The magnitude of the coming change in the volume of demand — a change which supply cannot match — must not be understated.”


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