85 days ago • Posted by William Ramstein

Brent crude oil nears $65

Brent oil traded near $65 a barrel as a cold blast that’s taken out almost 40% of U.S. crude production morphed into a global supply shock. Futures in London rose 0.9% after closing at the highest in almost 13 months. The global crude benchmark earlier jumped above $65, a level it hasn’t reached since Jan. 21, 2020, before Covid-19 roiled energy markets. Source: Bloomberg