Brent Oil Price Edging Toward $85 Amid Growing Energy Worries
Oil’s bullish trend on Friday spread to Monday as the U.S. benchmark price hit $81 and traded barely under $82 a barrel. The energy crisis in both Europe and Asia is triggering the alarms ahead of the winter period, with supply at a low. Q3 2021 hedge fund letters, conferences and more Oil PriceAs reported by Oil Price, the front-month WTI Crude contract traded on Monday at $81.75, up by 3%. “The international benchmark, Brent Crude, was up 2.35% at $84.34.” “Oil extended the rally from last week, which saw the U.S. benchmark topping the $80 per barrel for the first time since 2014.” Floods an...