23 days ago • Posted by William Ramstein
Brent crude oil rises to a three month high
Brent crude futures traded above $70 a barrel today, the highest point since March 8th. This was spurred by OPEC's forecasts that inventories will drop and the current supply surplus will be wiped out by the end of the next month. Demand for oil is boosted by a vaccine-led recovery in major economies.
Source: Trading Economics