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Oil, Crude, trading
Read More »Crude Oil Maintains Positive Stability
Oil Ends at Highest Level in Nine Months
Oil prices surged on Monday, opening the week with a strong performance as they rose to their highest closing level since March. Positive news about Coronavirus vaccines helped crude prices stage a strong come back. This comes despite some concerns about the demand outlook, after the Organization of the Petroleum …
Read More »Oil Prices Rise With The Increase in Vaccine Hopes And a Tanker Explosion in Saudi Arabia
Oil prices rose on Monday, December 14th, to push Brent above $50 a barrel again thanks to hopes that the start of using Coronavirus vaccines will lead to increased demand for fuel, while an oil tanker explosion in Saudi Arabia has caused tension in the market. Brent crude futures for …
Read More »Pound Optimistic About Brexit Talks
The pound rose against the dollar and the euro thanks to hopes that Britain and the European Union would reach a free trade agreement after the decision to extend negotiations after the previous deadline expired on Sunday. The dollar traded near its lowest level in two and a half years …
Read More »Oil Needs Careful Consideration
Oil, Crude, trading
Read More »Oil Records Weekly Gains
Oil prices closed Friday lower, but was able to record gains during the second week of December. Brent crude futures for February delivery declined by 28 cents, or 0.6%, to settle at $49.97 per barrel, giving up the $50 mark it reached for the first time since March, but adding …
Read More »Oil Continues to Rise on The Launch of Vaccination
Oil rose today, Friday, to consolidate strong gains made overnight that saw Brent crude exceed $50 for the first time since March, as the implementation of coronavirus vaccination programs fueled hopes that demand for oil will rebound next year. Brent crude rose 30 cents, or 0.6%, to $50.55 a barrel, …
Read More »Oil Achieves Upside Targets
Oil, Crude, trading
Read More »Oil Closes Higher on Vaccine Optimism
Oil prices rose on Thursday, supported by a positive investors’ sentiment regarding Coronavirus vaccines. The global benchmark, Brent crude futures rose above the $50 a barrel mark for the first time since March, adding $1.53, or 3.13%, to settle at $50.39 per barrel. Meanwhile, the US benchmark West Texas Intermediate …
Read More »WTI Hits Fresh Eight-Month High
The West Texas Intermediate (WTI) crude futures rose during Thursday’s trade to their highest level in about eight months, since early March. WTI is up by 3.84% or $1.75, trading at $47.27 a barrel. A recent agreement between members of the OPEC+ alliance to raise output by much less than …
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