Global Oil Prices Weaken to US$76.06 per Barrel (Monday, July 5, 2021)

Yosepha Pusparisa 05/07/2021 11:20 WIB

Bagikan URL has been copied

Memuat...

Global oil prices weakened by 0.09% in trading on Monday, July 5, 2021, until 10:20 WIB. Brent crude traded at US$76.06/barrel, while WTI was priced at US$75.07/barrel.

Global Crude Oil Price (July 5, 2021, 10:20 WIB)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Global Oil Prices Weaken to US$76.06 per Barrel (Monday, July 5, 2021)

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Global Crude Oil Price (July 5, 2021, 10:20 WIB)

Download

Source

A Small
A Medium
A Bigger

Global oil prices weakened in trading on Monday, July 5, 2021, until 10:20 WIB. Brent crude oil was priced at US$76.06/barrel, down 0.09% from the previous trading day. West Texas Intermediate (WTI) crude oil also fell by the same percentage, trading at US$75.07/barrel.

Quoting Reuters, oil prices decreased as investors and traders awaited talks from the Organization of the Petroleum Exporting Countries and its allies (OPEC+), following disagreements within the group. This led to increased production volumes from major producers vying for market share.

OPEC+ chose to increase production by approximately two million barrels per day from August to December 2021. Furthermore, OPEC+ extended the remaining production cuts until the end of 2022, but the United Arab Emirates' objections hampered the agreement.

[Read: Global Oil Prices Weaken to US$75.17 per Barrel (Monday, June 28, 2021)]

Note: Global oil prices on the graph have been updated to reflect the latest data.

Editor : Annissa Mutia

"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."