WEEKLY ENERGY RECAP: April 2, 2021

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Sat, 2021-04-03 20:25

RIYADH: In the week closing, the Brent crude price rose slightly to $64.86 per barrel, a small weekly gain of just 26 cents. At the same time, WTI rose 48 cents to $61.45 per barrel.

The tiny weekly gains came despite the fact that OPEC+ did not make output cuts roll over, as was widely expected.

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, US. (Reuters/File)
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