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Tag Archives: Oil

Barclays Raises Its 2021 Oil Price Forecast

Barclays Bank raised its forecast for oil prices in 2021, driven by “temporary factors” such as improved demand for fuel in winter due to cold weather, especially in Asia, and a weak dollar. The bank maintained its optimistic forecast of oil prices in the second half of the year, but …

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Oil Futures Close Thursday on Mixed Note

Oil prices showed a mixed performance on Thursday, following the release of the American Petroleum Institute’s (API) weekly report that showed an unexpected rise in crude inventories in the United States. Accordingly, the U.S. benchmark West Texas Intermediate (WTI) crude futures for March delivery declined by 18 cents, or 0.3%, …

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Oil Futures Rise for Second Day in Row

Oil prices rose on Wednesday for the second consecutive session, amid expectations for increased stimulus spending by the new administration in the United Stated as President Joe Biden was officially inaugurated earlier today. Brent crude futures for March delivery added 18 cents, or 0.3%, to close at $56.08 per barrel. …

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