Tag Archives: Oil

Oil prices today recovered some of last week’s losses, as a potential obstacle to reviving the 2015 nuclear deal with Iran loomed over the horizon, which could add more oil supplies, while indirect talks between Washington and Tehran are due to resume this week. Brent crude futures for March delivery …

Oil, Crude, trading

Oil prices rose on Friday, amid possible supply disruptions in North American due to a subtropical storm forming near the Gulf of Mexico. However, crude futures failed to recover all of its weekly losses. Brent crude futures for July delivery gained $1.33, or 2%, to settle at $66.44 per barrel. …

Oil prices declined on Thursday for the third consecutive session, with expectations that progress in talks between the United States and Iran regarding the nuclear deal might lead to lifting sanctions, thus increasing market supplies. Brent crude futures for July delivery fell by $1.55, or 2.3%, to finish at $65.11 …

Oil prices fell on Wednesday, following the release of the weekly inventories report from the United States Energy Information Administration (EIA). Data by the EIA showed an increase in U.S. crude stockpile, which prompted a decline in oil prices to their lowest level in roughly three weeks, despite the decline …

Oil prices fell for the second consecutive session on Wednesday, May 19, due to renewed demand concerns with the rise in cases of Coronavirus in Asia and fears of high inflation, which may push the US Federal Reserve to raise interest rates, which may limit economic growth. Brent crude futures …

Oil prices declined on Tuesday, as media reports pointed to expectations of a rise in output as talks continue regarding the Iran nuclear deal. In addition, data by the American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 620,000 barrels last week. Gasoline inventories …

Brent crude futures rose above the level of $70 a barrel for the first time since last March, as hopes for a strong recovery in fuel demand after the resumption of economic activities in the United States and Europe were offset by concerns about the spread of Covid-19 cases in …

Oil, Crude, trading

Oil prices rose on Monday, opening the week with a strong performance amid expectations for recovery from the coronavirus pandemic. Recent media reports suggested that the Indian Prime Minister, Narendra Modi, is going forward with a new construction project named the Central Vista Redevelopment Project, which includes establishing new buildings …