International crude oil prices traded flat on Friday after a surge in the previous session due to concerns of supply disruption, with Brent trading at $81.40 per barrel and WTI at $76.90 per barrel. The International Energy Agency (IEA) stated that global demand this year will not grow as fast as previously projected, but OPEC expects a tighter global oil market in 2024. Analysts noted that although crude traded flat, sentiments remain bullish amid concerns of falling supplies, particularly in R...
Brent at $81/bbl; prices flat after recent spike on supply concerns
livemint.com - 14 Jul 2023 14:58
International crude oil prices traded flat on Friday after a surge in the previous session due to concerns of supply disruption, with Brent trading at $81.40 per barrel and WTI at $76.90 per barrel. The International Energy Agency (IEA) stated that global demand this year will not grow as fast as previously projected, but OPEC expects a tighter global oil market in 2024. Analysts noted that although crude traded flat, sentiments remain bullish amid concerns of falling supplies, particularly in R...
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