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 …
Read More »Oil Looking For Extra Momentum
Oil, Crude, trading
Read More »Oil Maintains Gains for Fourth Day in Row
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 …
Read More »Oil Flirts With $50.0
Oil, Crude, trading
Read More »Oil Closes Higher and Maintains Upward Trend
Oil prices closed higher on Wednesday, amid hopes for a new stimulus package in the United States, and after a decline in US crude inventories last week. Crude prices maintained their best levels since early March, as the global benchmark, Brent crude futures for February delivery gained 32 cents, or …
Read More »US Crude Inventories Down 3.1 M Barrels
Crude oil inventories in the United States decreased by 3.1 million barrels last week to stand at 500 million barrels, according to the weekly report by the U.S. Energy Information Administration (EIA) released on Wednesday. Meanwhile, gasoline stockpiles rose by 1 million barrels to 238.9 million barrels and distillate stockpiles …
Read More »Oil Prices Rose on Optimism About Covid-19 Vaccine And Weakness of Dollar
Oil prices rose today, Wednesday, due to the decline of the dollar and the progress in the distribution of Covid-19 vaccines, but the gains were limited due to a sudden increase in crude oil inventories in the United States and the tightening of measures to combat Coronavirus in Europe. Brent …
Read More »Oil Prices Dropping Due to a Sudden Increase in US Inventories
Oil prices fell on Wednesday, December 16, due to a sudden increase in crude oil inventories in the United States and due to continuing investor concerns about the decline in fuel demand in light of tightening public isolation measures in Europe to combat the virus pandemic. Brent crude futures fell …
Read More »API: Crude Stocks And a Sharp Increase in Distillates Last Week
The American Petroleum Institute data said Tuesday that inventories of crude oil, gasoline and distillates in the United States increased at the fastest pace in the latest week. Crude inventories rose by 2 million barrels in the week ending on December 11, to about 495 million, compared with analysts’ expectations …
Read More »Crude Keeps The Upward Bias
Oil, Crude, trading
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