Tag Archives: Oil

Oil, Crude, trading

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 …

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 …

Oil, Crude, trading

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 …

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, …

Oil, Crude, trading

Oil prices rose on Thursday for the third consecutive session, supported by the recent OPEC+ agreement to curb output and the large drop in crude inventories in the United States. Brent crude futures for March delivery closed higher by 8 cents, or 0.2%, at $54.38 per barrel. Meanwhile, the West …

Oil, Crude, trading

Oil prices rose on Wednesday, after data showed a big drop in U.S. crude inventories last week, and on the back of the recent OPEC+ agreement to reduce production levels. Brent crude futures for March delivery rose by 70 cents, or 1.3%, to finish at $54.30 per barrel. Meanwhile, the …