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Oil, Crude, trading
Read More »Crude Keeps The Upward Bias
Oil Maintains Best Levels Since March
Oil prices surged on Tuesday, to close at its highest level since March, amid rising optimism about the rollout of Coronavirus vaccines. In addition, hopes for a new stimulus package in the United States helped support crude prices during the second session of the week. Brent crude futures for February …
Read More »Oil Surpasses $50 And Optimism About a Vaccine Overshadows Fears of Isolation Measures
Oil prices rose above $50 on Tuesday (December 15th), as the start of Coronavirus vaccination campaigns favored the tightening of general isolation measures in Europe and expectations of a slower recovery in demand. The United States began vaccination campaigns on Monday, while the deaths due to the pandemic exceeded 300,000. …
Read More »IEA: The Impact of Corona Vaccines on Global Demand Will Take Several Months
The International Energy Agency has warned that the start of vaccination campaigns to prevent Coronavirus this month will not quickly reflect the devastation inflicted on global oil demand. “The understandable euphoria around the start of vaccination programmes partly explains higher prices but it will be several months before we reach …
Read More »EIA: Shale Oil Production will Drop 136,000 Bpd in January
The US Energy Information Administration said in a monthly forecast that the United States’ oil production from shale formations is expected to decrease by about 136 thousand barrels per day in January to 7.44 million barrels per day, the lowest since June. Production is expected to decline from nearly all …
Read More »Crude Oil Maintains Positive Stability
Oil, Crude, trading
Read More »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
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