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Oil Settles Higher, With U.S. Benchmark Up More than 6% For The Month
Wednesday, 1 May 2019 02:49 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Crude prices settled higher on Tuesday, with the U.S. benchmark up more than 6% for the month, as the Saudis looked to defy President Donald Trump™s request to pump more oil and an uprising in Venezuela fed uncertainty over the country™s output.

U.S.-based West Texas Intermediate crude for June delivery rose 41 cents, or 0.7%, to settle at $63.91 a barrel on the New York Mercantile Exchange. Front-month contract prices notched an April rise of 6.3%”their fourth straight monthly gain, according to Dow Jones Market Data.

Global benchmark June Brent crude which expired at the day™s settlement, rose 76 cents, or 1.1%, to end at $72.80 a barrel on ICE Futures Europe, with front-month contract prices up about 6.5% for the month. July Brent which is now the front month, settled at $72.06, up 52 cents, or 0.7%.

Source : Marketwatch

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