Home » today » Business » Commodities (11:00 am) – Brent oil price increases 2.4 percent | 06.05.20

Commodities (11:00 am) – Brent oil price increases 2.4 percent | 06.05.20

The price for the North Sea Brent oil was on
Wednesday morning gained a bit and thus the clear
Previous day growth expanded. The important oil price benchmark
The future for the Brent crude was quoted in around 11:00 a.m.
London at $ 31.71 a barrel (159 liters). Compared to
The previous day’s closing price is a price increase of 2.4
Percent.

The mood on the oil market is massive within just a week
shot, the Commerzbank analysts write. It was two
According to Commerzbank assessment, weeks are still completely on the ground, with the
everyone is talking about negative oil prices for WTI and escalating stocks
optimism is currently omnipresent. The focus is on
doing so on the return of demand, with analysts dealing with
outperform positive price forecasts, it said
Experts.

Commerzbank analysts are keeping the current euphoria
Oil market for premature. Even after the gradual opening of the
Economy might be years below that
Stay at 2019 level.

The gold price showed little change compared to the previous day.
The troy ounce was in the London gold trade at around 11 a.m.
(31.10 grams) at $ 1,704.04 (after $ 1,704.00 on Tuesday)
traded.

(Final) ste / mik

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