Crude Oil Prices Have Moderated, With Brent Futures Trading At $90.56 Per Barrel
Category: General
On Monday, oil prices retreated following a notable surge last week. Brent futures dipped by 0.4%, or 33 cents, to reach $90.56 per barrel at 0645 GMT. U.S. West Texas Intermediate (WTI) crude also decreased by 0.3%, or 26 cents, to settle at $87.43 per barrel.
Both benchmark oil prices recorded an impressive rise of nearly 6% on Friday, marking their most substantial daily percentage gains since April.
Over the course of the week, Brent saw a 7.5% increase, while WTI rose by 5.9%."
16 Oct, 2023
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