Oil hits highest levels since 2015 amid tightening markets, Saudi purge
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Title : Oil hits highest levels since 2015 amid tightening markets, Saudi purge
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Title : Oil hits highest levels since 2015 amid tightening markets, Saudi purge
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news-today.world | Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia's crown prince cemented his power over the weekend through an anti-corruption crackdown that included high-profile arrests.
Brent futures, the international benchmark for oil prices were as high as $62.90 per barrel by 0750 GMT on Monday, their highest level since July 2015. This is over 40 percent above June's 2017 lows.
U.S. West Texas Intermediate (WTI) crude rose above $56 per barrel in afternoon trading, also the highest since July 2015, and was at $56.15 at 0750 GMT. WTI is one-third higher than its 2017 lows.
Crown Prince Mohammed bin Salman, also known as MBS, has tightened his grip on power through an anti-corruption purge by arresting royals, ministers and investors including prominent business billionaire Alwaleed bin Talal and the head of the National Guard, Prince Miteb bin Abdullah.
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Brent futures, the international benchmark for oil prices were as high as $62.90 per barrel by 0750 GMT on Monday, their highest level since July 2015. This is over 40 percent above June's 2017 lows.
U.S. West Texas Intermediate (WTI) crude rose above $56 per barrel in afternoon trading, also the highest since July 2015, and was at $56.15 at 0750 GMT. WTI is one-third higher than its 2017 lows.
Crown Prince Mohammed bin Salman, also known as MBS, has tightened his grip on power through an anti-corruption purge by arresting royals, ministers and investors including prominent business billionaire Alwaleed bin Talal and the head of the National Guard, Prince Miteb bin Abdullah.
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You are now reading the article Oil hits highest levels since 2015 amid tightening markets, Saudi purge With link address https://newstoday-ok.blogspot.com/2017/11/oil-hits-highest-levels-since-2015-amid.html