World Oil Prices Rise to US$69.15/Barrel (Monday, May 31, 2021)
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Crude oil prices rose in trading on Monday, May 31, 2021, until 11:00 WIB. Brent crude traded at US$69.15/barrel, up 0.32% from the previous trading session. Meanwhile, West Texas Intermediate (WTI) crude oil strengthened by 0.26%, reaching US$66.76/barrel.
The increase in global oil prices is driven by optimism regarding increased fuel demand in the coming quarter. Investors are also awaiting this week's meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to discuss oil supply guidance, as reported by Reuters.
[Read: Global Oil Prices Rise to US$66.97/Barrel (Monday, May 24, 2021)]
Note:
The global oil prices shown in the graph have been updated to reflect the latest data.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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