Oil prices drop due to low demand prediction from OPEC, IEA

| 270 | :   Twitter |   LinkedIn

Oil prices on Friday continued to drop following the prediction of a weak revival in transportation fuels for the first six months of the 2021 from the Organization of Petroleum Exporting Countries’ (OPEC) and with the International Energy Agency’s (IEA) concern over low oil demand.

Oil prices drop due to low demand prediction from OPEC, IEA

International benchmark Brent crude was trading at USD60.73 per barrel at 0606 GMT for a 0.67 percent decline after closing Thursday at USD61.14 a barrel.

American benchmark West Texas Intermediate (WTI) was at USD57.81 a barrel at the same time for a 0.74 percent decline after ending the past session at USD58.24 per barrel.

| 270 | :   Twitter |   LinkedIn

Source : Mena FN | Photocredit : Google

Follow Dubai Today

Subscribe Now

Enter your email address:

Topics Business, Oil
Topic Keywords # # # #

More from Business, Oil

Related News

Dubai ruler forms tribunal to resolve rows over inherited property

The ruler of Dubai has formed a tribunal to resolve disputes between heirs involved in the sale of inherited properties. It will draw on the expertise of lawyers…

Four new deals for the ladies in Dubai

Ladies’ night here in Dubai is an institution and there’s forever a load of fresh money-saving deals hitting the city. If you’re looking for a new ladies’ night to check out…

B.R. Shetty’s Case Update: What we know so far | UAE news

A court in London has put a freeze on any asset disposals by Dr. B.R. Shetty, founder of Abu Dhabi headquartered NMC Healthcare, as well as on other…

Dubai Today Wiki

Popular Videos