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    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

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    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

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    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

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‎Brent crude stabilizes, makes semi-annual gain of over 13%

June 29, 2024
in Business
‎Brent crude stabilizes, makes semi-annual gain of over 13%
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Oil rises, heads for gains for third straight week

Oil drilling rigs

Oil prices were mixed on Friday but recorded gains for the third straight week amid geopolitical tensions.

The prices of Brent crude futures for August delivery stabilized at $86.41 a barrel, but recorded weekly, monthly, quarterly, and semi-annual gains of 1.35%, 6.55%, 1.25%, and 13.45%, respectively.

Meanwhile, the prices of US WTI crude futures for August delivery fell by 0.25%, or $0.20, to $81.54 per barrel, but recorded weekly, monthly, quarterly, and semi-annual gains of 1%, 6.25%, 0.8%, and 13.75%, respectively.

The US crude oil production rose by 72,000 barrels per day (bpd) month-on-month (MoM) to 13.25 million bpd in April, and oil demand rose to 20 million bpd, the highest levels since December 2023, the Energy Information Administration data showed.

The US drilling rig count fell for the fifth straight week, declining six units to 479 in the week ended June 28. This is the lowest level since Dec. 17, 2021, when the rig count reached 475, Baker Hughes energy services firm said in its weekly report.

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