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Learn about Brent and West Texas crude prices on the global oil market



Oil prices recorded 65.97 dollars a barrel for Brent crude futures for April delivery, and US West Texas Intermediate crude oil futures for April delivery recorded 61.50 dollars a barrel on Friday's settlement.

 

Oil prices fell yesterday, as the collapse in bond prices led to gains for the US dollar and expectations have grown that with oil prices returning to pre-pandemic levels, more supply will likely find its way to the market, according to Reuters, and the rise in the US currency is causing an increase in the cost of oil priced in dollars. To buyers of crude in other currencies.

 

Investors are betting that a meeting held this week for the OPECPlus alliance will result in the return of more supplies to the market.

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