Tag Archives: Oil

Oil, Crude, trading

Oil prices rebounded on Friday, with crude futures recovering on the back of positive expectations for demand recovery despite the U.S. Dollar (USD) surge after the hawkish change in tone by the Federal Reserve. Brent crude futures for August delivery increased by 43 cents, or 0.6%, and closed at the …

OPEC sources said that OPEC officials have heard from industry experts that US oil production growth will likely remain limited in 2021 despite higher prices, giving the organization more leverage to manage the market in the short term before a possible strong increase in shale crude production in 2022. Officials …

Oil prices fell for the second session in a row Friday, June 18, as the US dollar rose thanks to the possibility of an increase in interest rates in the United States, but crude is on track to conclude the week with little change and just below its highest levels …

Oil, Crude, trading

Oil prices declined on Thursday, as the U.S. Dollar (USD) surged across the board after the Federal Reserve pointed to plans to raise interest rates sooner the previously expected, in a surprise change in tone. However, the drop in crude prices was relatively limited compared with other commodities amid expectations …

Crude oil prices fell on Thursday as the US dollar rose after the Federal Reserve hinted that it may raise interest rates faster than expected, but losses were limited thanks to a significant drop in US crude inventories. Brent crude futures fell 42 cents, or 0.6%, to $73.97 a barrel, …

Oil prices maintained their upwards trend on Wednesday, following the release of the weekly inventory report in the United States. Brent crude futures for August delivery increased by 40 cents, or 0.5%, to finish at $74.39 per barrel. The West Texas Intermediate (WTI) crude futures for July delivery added 3 …

Crude oil inventories in the United States declined by 7.4 million barrels last week, according to data by the Energy Information Administration (EIA) released on Wednesday. The decline exceeded most market expectations, which were hovering around 4.2 million barrels for the week ended June 11, but still came below estimates …

Oil prices rose on Wednesday, June 16, while the price of Brent crude rose for the fifth consecutive session, as sentiment improved on the back of falling inventories and a recovery in demand after the Coronavirus pandemic. Brent crude rose 47 cents, or 0.6%, to $ 74.46 a barrel, the …