Tuesday, June 29, 2021 – 1:17 PM
Abu Dhabi, June 29 / WAM / The monthly average price of “OPEC” crudes exceeded during
June 2021, the barrier of $ 71 per barrel, as expected, and it reached 71.63
dollars per barrel, a growth of 7.1% compared to May of the same year
According to the latest data issued by the Organization of Petroleum Exporting Countries “OPEC”.
The new monthly price level was accompanied by an increase in the annual average price
OPEC crudes to the level of $ 63.61 a barrel during 2021, an increase
A rate of 53.4% compared to 2020, according to the organization’s expectations.
The new price jumps for oil prices came in all its classifications
The global market amid investors’ anticipation of the results of the meeting
The eighteenth ministerial of “OPEC +” countries scheduled to be held next Thursday الخميس
Which also coincides with expectations of growth in global demand for black gold.
Crude oil prices were supported by the rapid and remarkable recovery in
Major energy markets such as the USA, Europe and China
Coinciding with the acceleration of the vaccination campaigns, the reopening of economies and raising
More restrictions associated with this pandemic.
It is noteworthy that crude oil prices recorded a fifth weekly gain on the
At the end of the trading sessions in the futures markets last week, as
Brent crude contracts rose by 3.6% compared to the end of the previous week, reaching
$76.18 per barrel upon settlement. West Texas crude futures also rose
The US dollar increased by 3.4% compared to the end of the previous week, to determine the settlement price
at $74.05 a barrel.
WAM/Nasser Arif/Dina Omar