Tag Archives: Oil

Oil prices closed lower on Monday, amid increased concerns about the pace of economic recovery from the coronavirus pandemic with the rising number of infections with the new Delta variant, especially after indicators showed slower growth in activity in the U.S. and China last month. PMI readings in the world’s …

Oil prices fell Monday, August 2nd on concerns about the Chinese economy, after a survey showed that factory activity growth fell sharply in the world’s second-largest oil consumer, as well as heightened concerns about an increase in oil production from OPEC producers. Brent crude futures fell 74 cents, or 1%, …

Oil prices finished higher on Friday, extending their weekly and monthly increases, amid expectations for tight supply over the coming months, with a recovery in the demand in the market. Brent crude futures gained 28 cents, or 0.37%, to settle at $76.33 per barrel. The global benchmark crude front-month contract …

Oil prices fell but were still on track to achieve significant weekly gains, with demand growing at a faster pace than supply, while vaccinations are expected to mitigate the impact of a new rise in Covid-19 cases around the world. Brent crude futures for September delivery, which expire on Friday, …

Oil prices rose registered their largest rise in a week, joining an upward trend by most commodities amid a decline by the U.S. Dollar (USD). Crude oil futures also continued to be supported by the weekly decline in U.S. inventories, as official data showed on Wednesday, easing recent concerns about …

Oil prices rose Thursday, July 29, as crude inventories in the United States, the world’s largest oil consumer, fell to their lowest levels since January 2020, and Brent crude returned to above $75 a barrel. Brent crude futures were up 37 cents, or 0.5%, to $75.11 a barrel, and US …

Oil prices rose on Wednesday to their highest level in about two weeks, on the back of positive expectations following the drop in crude inventories in the United States. The inventories draw eased concerns over a slump in demand resulting from the spread of the coronavirus Delta variant. Brent crude …

Oil prices rose on Wednesday after official data showed a decline in crude inventories in the United States last week. Crude inventories declined by 4.1 million barrels for the week ended July 23, according to the U.S. Energy Information Administration (EIA). Gasoline stockpiles fell by 2.3 million barrels and distillate …

Oil prices rose on Wednesday, July 28, after industry data showed inventories of US crude and products fell more than expected last week, fueling speculation that demand will outpace supply growth even as COVID-19 cases grow. Brent crude futures were up 38 cents, or 0.5%, at $ 74.86 a barrel, …

Oil prices finished marginally lower on Tuesday, amid uncertainty and continued concerns about a potential downturn in demand recovery due to the spread of the Delta variant of the novel coronavirus. Despite the recent decision by the OPEC+ alliance to further ease output cuts and continue to raise production gradually …