Oil gained on the last of the business week, by 0.36% and traded at $45.12 a barrel. According to the details, WTI futures rose 0.33% to $42.38 and Brent oil futures gained 0.36% to $45.12, with the black liquid poised to enter the second week of gains. Asian Markets Shares rose in Japan and Australia but … Read more
Oil prices up on Wednesday after Russia’s approval of coronavirus vaccine, rose 0.52% to $44.73 in early morning trade. According to the details, WTI futures rose 0.38% to $41.77 and Brent crude was up 15 cents, or 0.3%, at $44.65 a barrel. Latest figures released showed a larger than expected draw in crude inventories for the week … Read more
Oil prices fell on Friday adding the loss of 6 cents and traded at $45.03 per barrel on worries that fuel demand growth will drop amid a resurgence of coronavirus cases. According to the details, Brent crude fell 6 cents, or 0.1%, to $45.03, after both contracts had earlier traded higher. U.S. West Texas Intermediate … Read more
Oil prices fell to 16 cents on the fourth day of the business week, as mounting coronavirus cases worldwide and in the US undercut market confidence in a pickup in fuel demand. According to the details, Brent crude was down 16 cents, or 0.4%, at $44.27 a barrel. It finished 0.6% higher on Wednesday. West … Read more
On Friday oil prices gained after three week lows, as US witnessed decline in the novel coronavirus cases. According to the details, Brent crude was up by 40 cents, or 0.9%, at $43.34 a barrel. On Thursday, Brent closed down 1.9% but had recovered much of the ground lost from the lowest level since July … Read more
Brent crude on Thursday added 4 cents in price and traded at $44.13 in early hours. According to the details, U.S. West Texas Intermediate (WTI) crude futures were down one cent at $41.26 a barrel. U.S. crude inventories fell by 10.6 million barrels in the week to July 24 to 526 million barrels, compared with … Read more
On the second day of the business week, brent crude gained 35 cents to $43.76 a barrel, while U.S. West Texas Intermediate (WTI) crude futures advanced 27 cents, or 0.7%, to $41.87 a barrel. According to the details, weakening dollar made oil cheaper for global buyers. Brent crude futures climbed 35 cents, or 0.8%, to … Read more
After the concerns over recovery in oil demand resurfaced amid a spike in COVID-19 cases worldwide, crude futures marked low during morning trade. According to the reports, Brent crude futures down 8 cents/b (0.18%) to $43.26 per barrel. Fresh date provided by John Hopkins University showed that global COVID-19 case counts have continued to rise … Read more
Despite of weaker dollar, oil prices witnessed gains on the last of the business week, adding 15 cents at $43.46 a barrel. According to the details, Brent crude rose 15 cents, or 0.4%, to $43.46 a barrel while, U.S. West Texas Intermediate (WTI) crude rose by 12 cents, or 0.3%, to $41.19. Market Analysts are of … Read more
With limited gains on the fourth day of the business week, oil prices ticked higher; adding 2 cents taking rate to $44.31 a barrel. According to the details, Brent crude added 2 cents, or 0.1%, to $44.31 a barrel while U.S. West Texas Intermediate (WTI) crude gained 6 cents, or 0.1%, to $41.96 a barrel. … Read more
Prices of oil fell dramatically on the third day of the business week, as the demand in United States, world’s largest oil consumer; dented after spike in coronavirus cases. According to media reports, Brent crude fell 32 cents, or 0.7%, to $44 a barrel, and U.S. West Texas Intermediate (WTI) crude CLc1 dropped 33 cents, … Read more
As the worsening coronavirus pandemic threatens recovery, brent crude fell 10 cents or 0.2%, at $43.04 a barrel on the first day of the business week. According to the details, the oil dropped this week, after gaining 4 cents last week 0.2%, at $40.53 a barrel. The prospect that a rise in the spike of … Read more
As Opec and Russia agreed to ease record supply curbs from August, Oil prices in the international market slid at $43.66 a barrel on Thursday. According to the details, Brent crude LCOc1 fell 13 cents, or 0.3%, at $43.66 a barrel, whereas US West Texas Intermediate (WTI) crude CLc1 dropped 18 cents, or 0.4%, to … Read more
Despite the surge in coronavirus cases in the United States, fuel demand in the international market witnessed recovery as Brent crude futures were up 19 cents, or 0.4%, at $43.09 a barrel. On the third day of the business week, U.S. West Texas Intermediate (WTI) crude futures spiked 17 cents, or 0.4%, to $40.46 a … Read more
Production cartel Opec and Russia are expected to meet today to discuss the oil cuts, however experts warned that prices may fall. According to the details, members of both sides, widely expected to stick with their previously agreed plan to scale back production cuts to 7.7 million barrels per day (bpd) at the end of this … Read more
On the first day of the business week, oil prices slipped as traders aim for the OPEC technical meeting this week. According to the details, the meeting is expected to ease the supply cuts that have been holding up crude prices. Brent crude decreases 27 cents to $42.97 a barrel while US West Texas Intermediate … Read more
Amid the novel coronavirus outbreak in the world, Brent crude rose 18 cents, or 0.4%, to $42.98 a barrel after a 4.3% gain last week, According to reports, U.S. West Texas Intermediate crude was at $40.42, down 23 cents, or 0.6%, from its previous settlement. Economists are of the view that “There will be some kind … Read more
As the ongoing pandemic continues to grip the business around the world, various studies and projections have been carried out regarding the fuel demand in the coming years. According to the latest study, because of the crisis, companies around the world have one important matter to worry about and that is fuel demand. It is … Read more
Oil prices grew on the third day of the business week, after world economies witnessed recoveries from the COVID-19 impact. Media reports said that; Brent, the global benchmark, reached $44 a barrel at one stage in European trading. This is the highest level of oil prices since early March — as more countries lifted lockdown … Read more
Oil prices escalated on Tuesday after the easing of coronavirus lockdown measures across the globe. According to reports, easing of restrictions worldwide lifted trader hopes for a swift recovery in demand. Brent crude futures rose 0.3%, or 14 cents, by 0435 GMT to $40.94 a barrel. The benchmark contract had fallen $1.50 on Monday, snapping … Read more
Oil and Gas Regulatory Authority (Ogra) has recommended to the government to reduce petroleum products prices from June 1st, 2020. As per details, owing to the sharp decline in the international market. Ogra) has recommended to the government to reduce petrol prices by Rs 5 to Rs 10 per liter from June 1st, 2020. Moreover … Read more
Finally a sigh of relief breathed by oil markets on Tuesday amid the signs of global abundance, after Brent crude, the Middle East benchmark, traded above $30. Media reports said, after witnessing heavy fallout previous month, Brent crude, the Middle East benchmark, traded above $30 a barrel for the first time. It rose by $3.77, … Read more
United States Oil Prices on Tuesday witnessed the fall of almost 20% amid intensifying fears about dwindling storage capacity worldwide. Media reports said West Texas Intermediate, the U.S. benchmark, slipped over 19%, or $2.5, to trade at $10.22 per barrel, while international benchmark Brent crude traded 4.5% lower at $19.09 per barrel. Economy Experts say that … Read more
Witnessing a 20 years historic crash, United States Oil Prices cut as the global pandemic hits international demand for crude. Media reports said that United States oil prices crashed to a more than two-decade low as the coronavirus pandemic hits global demand for crude West Texas Intermediate (WTI)— the US oil benchmark — plunged in … Read more
