Tag Archives: Oil

Oil prices retreated on Wednesday, losing most of the gains they made the previous day, as increased US crude stocks and a rise in coronavirus cases in Europe and the United States boosted concerns about oversupply and weak demand for fuel. By 0725 GMT, Brent crude was down $ 40.20 …

Data from the American Petroleum Institute (API) on Tuesday showed that US inventories of crude oil and gasoline increased last week. Crude inventories rose by 4.6 million barrels over the week ending October 23 to about 495.2 million barrels, while analysts’ expectations were for a decline of 1.2 million barrels. …

Oil, Crude, trading

Oil prices rose on Tuesday as weather conditions are expected to once again affect production in the Gulf of Mexico, On the other hand, a gloomy outlook for global demand amid another surge in COVID-19 cases limited crude gains. Brent crude futures for December delivery increased by 74 cents, or …

Oil prices rose on Tuesday after recent sharp losses, but market sentiment remains weak as high COVID-19 cases hurt the outlook for fuel demand while supplies rise. And Brent crude rose 42 cents, or the equivalent of 1%, to 40.88 dollars a barrel. U.S. crude gained 37 cents, or 1%, …

Oil, Crude, trading

Oil prices declined on Monday, finishing the first session of the week at its lowest level in about three weeks. A surge in new COVID-19 cases is raising concerns about demand and economic recovery, especially in the United States and Europe. Brent crude futures for December delivery lost $1.31, or …

Oil fell more than 2% on Monday, extending last week’s losses in light of the growing cases of Covid-19 disease in the United States and Europe, which raises concerns about the demand for crude, especially in light of the chances of increases in supply. Brent crude was down $ 1.25, …

Oil prices declined on Friday, on expectations of increased crude output from Libya and uncertainty about the impact from the second wave of the Coronavirus pandemic. Brent crude futures for December delivery closed lower by 69 cents, or 1.6%, at $41.77 per barrel. Meanwhile, the US West Texas Intermediate (WTI) …

The number of active oil rigs in the United States increased by six to a total of 211 during the week, according to the weekly rig count report by Baker Hughes. This is the fifth consecutive rise in active drilling rigs in the US. Meanwhile, the total number of oil …