Oil prices rose during Tuesday’s trading, strengthening their gains and climbing more than 3% after recording the lowest settlement since February 2021 yesterday.
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The prices of Brent crude oil futures for July delivery rose by 3.35% or $2.02 to $62.25 per barrel, at 4:52 PM Mecca time.
The prices of Brent crude oil futures for July delivery rose by 3.35% or $2.02 to $62.25 per barrel, at 04:52 PM Mecca time. Meanwhile, the prices of American WTI crude oil futures for June delivery increased by 3.6% or $2.06 to $59.19 per barrel.
Meanwhile, the prices of June delivery U.S. “Nymex” crude oil futures rose by 3.6%, or $2.06, to $59.19 per barrel.
While the prices of U.S. West Texas Intermediate (WTI) crude oil futures for June delivery rose by 3.6%, or $2.06, to $59.19 per barrel. Capital Economics has lowered its forecast for Brent crude oil prices for the end of this year to $60 per barrel, down from a previous expectation of $70 per barrel, with a continued decline next year to $50 per barrel.
Capital Economics has lowered its forecast for Brent crude oil prices by the end of this year to $60 per barrel, down from a previous expectation of $70, with a continued decline next year to $50 per barrel.
The company “Capital Economics” has lowered its forecast for Brent crude oil prices until the end of this year to $60 per barrel, down from the previously expected $70, with a continued decline next year to $50 per barrel. David Oxley, an analyst at the company, said, “The oil market is expected to have better-than-expected supplies over the coming years, with OPEC+ increasing oil output at a higher pace than previously estimated,” according to the Wall Street Journal.
David Oxley, an analyst at the company, said: “The oil market is expected to have better-than-expected supplies in the coming years, with OPEC+ increasing oil output at a faster pace than previously estimated,” according to the Wall Street Journal.
