Tag Archives: Oil

Crude oil prices fell on Monday, November 30, as investors awaited the decision of the OPEC+ producers’ group on whether to extend large production cuts to balance global markets, but the hopes of the vaccine helped keep the two benchmarks on a path of more than a fifth since the …

Crude oil futures were trading lower on Monday morning, with markets closely watching the results of the two-day meeting of OPEC and its allies, known as OPEC +, in which the next steps for production policy are discussed. The meeting may start at 13:00 GMT Monday. Russia has not yet …

Oil, Crude, trading

Oil prices ended Friday on a mixed note, awaiting the upcoming OPEC summit. Brent crude futures for January delivery rose by 38 cents, or 0.8%, to close at $48.18 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for January delivery closed lower by 18 cents, or 0.8%, at …

Oil prices fell today, Friday, in quiet trading due to the Thanksgiving holiday in the United States, as they fell amid fears of an increase in supply and doubts about the possibility of eliminating a vaccine against the Coronavirus pandemic. With the Japanese markets closed, Brent crude fell to $ …

Oil, Crude, trading

Oil fell from its highest level in seven months Thursday, November 26, as signs of growing supplies helped halt a rise led by optimism that demand for fuel would recover thanks to coronavirus vaccines. Brent crude futures rose to about $ 50 a barrel this week, after three major pharmaceutical …

Oil continues the series of gains in recent days, which pushed it to its highest level since March, and the sector is looking forward to an OPEC+ meeting at the end of November to discuss increasing production by two million barrels from January.

Oil prices continued to rise on Wednesday, reaching their highest level in about nine months. Brent crude futures for January delivery increased by 75 cents, or 1.6%, to finish at $48.61 per barrel. The West Texas Intermediate (WTI) crude futures for January delivery gained 80 cents, or 1.8%, to close …

Crude oil inventories in the United States declined last week, against market expectations, data by the U.S. Energy Information Administration (EIA) showed on Wednesday. A decline of 800,000 barrels in the week that ended on November 20 means that crude stockpiles now stand at 488.7 million barrels. Meanwhile, gasoline inventories …