Tag Archives: Oil

Oil prices fell on Monday, on the back of fears that the escalation of Covid-19 infections in India will lower the demand for fuel in the world’s third-largest oil importer, and with investors shifting positions ahead of a planned increase in OPEC+ oil production from May. Brent crude futures fell …

Oil, Crude, trading

Oil prices rose on Friday, limiting their weekly decline that resulted mostly because of concerns about demand recovery amid a resurgence of the coronavirus with a rising number of new cases, especially in India. Brent crude futures for June delivery gained 71 cents, or 1.1%, to close at $66.11 per …

The number of active rigs drilling for crude oil in the United States declined this week, for the first time since March, despite rising oil prices encouraging a rise in production. Oil rigs decreased by a single rig to reach 343, while natural gas rigs maintained their level of last …

Oil prices rose on Friday, April 23, boosted by hopes for a recovery in demand as global growth improves and lockdown measures eased, but concerns about a surge in second-wave COVID-19 infections in India dampen the gains. Brent crude futures rose 42 cents, or 0.6%, to $65.82 a barrel after …

Oil, Crude, trading

Oil prices registered modest gains on Thursday, following strong losses yesterday to their lowest level in a week due to concerns about the coronavirus pandemic. Brent crude futures for June delivery rose by 8 cents, or 0.1%, to close at $65.40 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude …

Oil prices extended their losses for the third session Thursday, April 22nd, as a sudden increase in US crude stocks and a new spike in Covid-19 cases in India and Japan fueled concerns about the global economic recovery and that demand for fuel may falter. Brent crude futures were down …

Oil, Crude, trading

Oil prices declined on Wednesday to their lowest level in a week, due to concerns about the rising number of coronavirus cases and the potential slowing of demand recovery amid a third wave of the pandemic. Brent crude futures for June delivery declined by $1.25, or 1.9%, to close at …