Tag Archives: Oil

Oil, Crude, trading

Oil prices declined on Monday, on the back of renewed concerns about a new variant of the novel Coronavirus that caused a global pandemic. New lockdown measures could sharply impact the demand for oil, which is driving investors’ worries across the markets. Brent crude futures for February delivery closed lower by …

Oil prices fell about 3% today, Monday, due to fears of a new rapidly spreading strain of the Coronavirus, which has caused the closure of most parts of Britain, which increased fears of a slowdown in the recovery of fuel demand amid tightening restrictions in Europe. Brent crude fell $ …

Oil, Crude, trading

Oil prices closed higher on Friday, reaching their best finishing level since February. Brent crude futures for February delivery rose by 76 cents, or 1.5%, to settle at $52.26 per barrel. This is the highest closing level for the global benchmark most active futures since February 26. For the week, …

The number of active oil rigs in the United States increased by five to a total of 263 this week, according to the weekly report by Baker Hughes. This is the fourth consecutive weekly rise in US oil rigs. The total active rig count in the United, including rigs drilling …

Oil prices fell on Friday, but remained close to the nine-month peak they reached in the previous session, as rising Covid-19 cases put pressure on demand for fuel and US lawmakers are fighting over a $900 billion economic stimulus package. US West Texas Intermediate crude futures fell 17 cents, or …

Oil, Crude, trading

Oil prices finished higher on Thursday, maintaining their best level in about nine months, supported by positive news about the rollout of Coronavirus vaccines. Today marked the fourth consecutive daily gain for crude futures, amid anticipation for a new stimulus package in the United States. Brent crude futures for February …

Oil, Crude, trading