Oil Price Rally: Crude Markets Set for Weekly Gain
Thursday, 12 September 2024, 18:16
Oil Price Rally Trends
The oil price rally is steering crude markets towards a significant weekly gain. Brent crude futures rose by 34 cents, or 0.5%, reaching $72.31 per barrel as of 0016 GMT. Meanwhile, U.S. West Texas Intermediate crude futures increased by 38 cents, or 0.6%, hitting $69.35 a barrel.
Market Response and Analysis
This upward trend showcases a strong demand in energy markets amidst various global factors affecting oil supply and prices.
- Brent Crude Futures: Increased to $72.31
- West Texas Intermediate Futures: Increased to $69.35
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.