Bulletin
Investor Alert

Market Pulse Archives

May 3, 2021, 3:17 p.m. EDT

Oil futures finish higher on signs of stronger global demand

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Myra P. Saefong

Oil futures settled higher on Monday, supported by signs of stronger global demand, even as India continues to suffer from record daily cases of COVID-19. "To some degree, given the onset of warmer weather in many parts, the worst of the pandemic may be priced in and this will bring a tailwind of [oil] demand," said Phillip Streible, chief market strategist at Blue Line Futures. June West Texas Intermediate crude rose 91 cents, or 1.4%, to settle at $64.49 a barrel on the New York Mercantile Exchange.

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.