Brent crude oil rose 26 cents, or 0.36%, to 72.78 dollars a barrel, while U.S. WTI improved 27 cents, or 0.38%, to 70.56 dollars a barrel.
Oil prices rose after several years and were heading for their third weekly rise on positive expectations about fuel demand in the United States, Europe, and China, while the increase in vaccination rates leads to an easing of restrictions due to the SARS-CoV-2 coronavirus pandemic.
Brent crude futures were up 26 cents, or 0.36 percent, at $72.78 a barrel, a day after touching their highest since May 2019. Meanwhile, U.S. West Texas Intermediate (WTI) futures improved 27 cents, or 0.38 percent, to $70.56 a barrel, after closing the day before at their highest since October 2018.
U.S. investment bank Goldman Sachs expects Brent prices to reach $80 per barrel this northern summer as vaccination campaigns boost global economic activity.
The International Energy Agency said in its monthly report that OPEC+ producers will have to boost their pumping to meet demand, which will recover to pre-pandemic levels by the end of 2022. Analysts at ANZ Research said in a note that data showing a return of rolling traffic to pre-covid-19 levels in North America and most of Europe is encouraging.
The Yucatan Times
more recommended stories
Over 3,000 migrants stranded in Mexico were kidnapped, raped, or assaulted
By Ted Hesson WASHINGTON (Reuters) –.
Mérida downtown thief arrested and linked to legal process
Mérida, Yucatán, (June 22, 2021).- Two.
National tourism picks up in Mahahual
Chetumal, QRoo., (June 22, 2021).- Mahahual,.
Red Cross Yucatán has two new modern ambulances
Mérida, Yucatán, (June 22, 2021).- The.
Mérida ranks seventh in the ranking of Mexico’s cyclocities
The city stood out with 67.
NASA sends squid into space for studies
WORLD, (June 22, 2021).- Dozens of Hawaiian squid were.
Opening hours of archaeological zones and museums in Campeche have been modified
Campeche, Camp., (June 22, 2021).- The.
Mérida woman exhibits stalker in public transport; he threatens her with death
Mérida, Yucatán, (June 22, 2021).- Through.
Visit Mexico launches first international office in the USA
Visit Mexico is a newly formed.
Mexico and the US must stop sending children into harm’s way (Amnesty International)
by Erika Guevara-Rosas, Americas director at.