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21.05.2020 BRENT OIL Daily Analysis

Today Brent Oil is trading at 36.31 USD and it went up with  3.17 percent. This is because they have been positive results which showed that the demand

Yazar: editor_1

Yayınlanma: 21 Mayıs 2020 17:34

Güncellenme: 15 Aralık 2025 10:04

21.05.2020 BRENT OIL Daily Analysis

BRENT OIL 36.31, 1.38, +3.17%% Today Brent Oil is trading at 36.31 USD and it went up with  3.17 percent. This is because they have been positive results which showed that the demand for oil has been improving since countries are reopening their businesses after the lockdown restrictions, for example, Chinas demand escalated and also the country is the second-largest oil consumer. Moreover, they have been a  drawdown in US crude inventories, the inventories fell by 5 million barrels according to the Energy Information Administration data.
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