Rise seen in oil prices on projected decline in U.S. oil shares in spite of increase in COVID-19 cases

Capt. John

On Wednesday, Jul. 28 crude oil prices rose after expectations of a weekly decrease in US crude stockpiles, indicating that oil demand will keep rebounding in spite of increasing coronavirus infection numbers. The trade of international benchmark Brent crude stood at USD73.85 a barrel at 07.17 GMT for a 0.45 percent rise after finishing Tuesday …

The post Rise seen in oil prices on projected decline in U.S. oil shares in spite of increase in COVID-19 cases first appeared on Hellenic Shipping...

https://www.hellenicshippingnews.com/rise-seen-in-oil-prices-on-projected-decline-in-u-s-oil-shares-in-spite-of-increase-in-covid-19-cases/

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon