Oil, Crude, trading
Read More »Oil Futures Finish at Highest Level Since February
Oil prices rose on Tuesday, supported by the decline of the U.S. Dollar (USD) and the recent OPEC+ agreement to curb output during February. Crude prices were able to log high gains and reach their best settlement level in about 11 months. Brent crude futures for March delivery added 92 …
Read More »Rising oil price on Expectations of Stockpiles Drawdown And Virus Fears
Oil prices rose today, Tuesday, thanks to expectations of a drawdown of crude stocks in the United States for the fifth week in a row, but investors worried about the increase in cases of Coronavirus around the world curbed price gains. Brent crude futures rose 22 cents, or 0.4%, to …
Read More »Oil Retested Support
Oil, Crude, trading
Read More »Oil Prices Show Mixed Performance
Oil prices showed a mixed performance on Monday, starting the week on a negative tone amid a surge in new Coronavirus cases and a rebound by the U.S. Dollar (USD). Brent crude futures for March delivery declined by 33 cents, or 0.6%, to settle at $55.66 per barrel. Meanwhile, the …
Read More »Oil Prices Fell Due to Renewed Coronavirus Fears
Brent crude prices fell, a dollar per barrel, on Monday, January 11, as they were affected by renewed concerns about global demand for fuel in light of strict lockdown measures aimed at combating the spread of the Coronavirus in Europe and new restrictions on movement in China, the second-largest consumer …
Read More »Oil Keeps Gains
Oil, Crude, trading
Read More »Oil Prices Extends Weekly Gains on Friday
Oil prices continued to be supported by the recent OPEC+ agreement to reduce output, led by Saudi Arabia, and the huge decline in crude inventories in the United States. Brent crude futures for March delivery rose by $1.61, or 3%, to finish the week at $55.99 per barrel, extending its …
Read More »Oil Near an 11-Month Peak, Thanks to a Saudi Pledge to Cut Production
Oil prices held near an 11-month high on Friday (January 8th) and is on track for strong weekly gains as Saudi Arabia’s pledge to cut production continued to support market sentiment. Brent crude rose 13 cents, or 0.2%, to $ 54.51 a barrel. The global benchmark touched $54.90 on Thursday, …
Read More »Oil Continues to The Upside
Oil, Crude, trading
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