Oil moves mixed on easing lockdowns, looming storage shortage

Oil moves mixed on easing lockdowns, looming storage shortage
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

30.04.2020

MOSCOW (MRC) -- Oil prices were mixed as optimism about the easing of coronavirus-related restrictions reassured markets, although traders remained cautious with storage capacities filling up fast and supply cuts not deep enough to counter falling demand, reported Reuters.Brent crude rose 78 cents, or 4%, to USD20.77 a barrel at 1338 GMT, following a 6.8% slide on Monday.US West Texas Int

Full article at mrcplast.com

Back

news