Today Brent oil is trading on 35.14usd and it went up with 1.21percent erasing the last week’s losses. The oil prices have been getting support from the
BRENT OIL 35.14usd, +0.45, +1.21%
Today Brent oil is trading on 35.14usd and it went up with 1.21percent erasing the last week’s losses. The oil prices have been getting support from the easing of the lockdown measures all around the world. This boosted the hope that the demand for oil is going to increase again.OPEC recorded that so far in May they have recorded that it has cut oil exports with 6 million BPD and this is actually a great start for the negotiated deal for deepening the cuts. The positive response to the agreement has been a good anchor for the oil prices.