Crude oil prices are gaining at the start of the week as sentiment shifts to the supply and demand picture after being weighed down last week by U.S. inflation data. On Monday at 1:50 p.m. EST, Brent crude was trading up 1.31% at $84.09 per barrel, up $1.09 on the day, while WTI was up 1.11% at $77.
19, up 85 cents per barrel on the day. Volumes were subdued in Monday trading due to Presidents’ Day in the United States, a market holiday. Last week saw oil prices close 4% lower, but the outlook has somewhat improved, with the International…Oil Inches Higher On U.S. President’s Day
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