Tag Archives: Oil

Oil prices plunged today, erasing gains made earlier in the session after more US states eased lockdown measures and the European Union sought to attract travelers, which helped offset concerns about fuel demand in India as the pace of Covid-19 infections accelerated. Prior to the opening of European indices, Brent …

Oil, Crude, trading

Oil prices rose on Monday, amid signs of an improved demand outlook, despite the rising number of cases of the coronavirus, especially in India. Recent expectations of a strong recovery in the global demand for crude oil during the second half of the year continue to provide support for oil …

Oil prices plunged on Monday, as a catastrophic second wave of the Coronavirus pandemic in India undermined a recovery in fuel demand there, overshadowing optimism about a strong recovery in fuel demand in developed countries and China in the second half of the year. Brent crude for July delivery fell …

Oil, Crude, trading

Oil prices fell from six-week highs on Friday (April 30th) as investors scaled back their positions after weak data on Japan’s crude imports and concerns about fuel demand in India as coronavirus cases soar. West Texas Intermediate crude and Brent crude recorded the biggest one-day loss in more than three …

The US Energy Information Administration said Friday, April 30 that US crude oil exports fell to 2.703 million barrels per day in February, from 3.165 million barrels per day in January. The government agency added in a monthly report that US gasoline exports fell to 687 thousand barrels per day …

The US Energy Information Administration said Friday that crude oil production in the United States fell by 1.2 million barrels per day in February to 9.86 million barrels per day. The government agency revised, in a monthly report, oil production for January, down by 21,000 barrels per day to 11.06 …

Oil, Crude, trading

Oil prices extended gains Thursday, April 29, after rising 1% in the previous session, as positive expectations about a recovery in demand this summer overshadowed concerns about the impact of an increase in the frequency of Covid-19 infections in India, Japan, and Brazil. Brent crude for June delivery rose 22 …