1. Home
  2. Maritime industry news - PortNews
  3. Oil prices decrease as COVID-19 cases grow in India and Japan

2021 April 22   09:33

Oil prices decrease as COVID-19 cases grow in India and Japan

Oil prices fell by 0.5%

As of April 22 (08:41, Moscow time), Brent Crude futures for June settlement were trading 0.52% lower to $65 a barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for June delivery on the New York Mercantile Exchange fell by 0.52% to $61.03 a barrel.

Oil prices decrease due to increase of the commodity reserves in the USA and due to growing number of COVID-19 cases in India and Japan.

OPEC+ earlier agreed to increase production by 350 thousand barrels per day in May, and the same in June, then 400 thousand barrels per day in July.

News 2025 February 10

2025 February 9

2025 February 8

2025 February 7