Tag Archives: Oil

Oil prices declined on Friday but held onto most of the gains they made in the previous session after Russian President Vladimir Putin indicated that he was ready to extend record cuts to supplies at a time when Covid-19 cases rose in the United States and Europe. Brent crude fell …

Oil, Crude, trading

Oil prices rose on Thursday on renewed hopes for another stimulus package in the United States, where a decline in jobless claims also helped improve the outlook for demand. Additionally, remarks that indicated that the OPEC+ alliance may prolong output cuts provided support for crude prices, as Brent crude futures …

Oil prices declined slightly Thursday after heavy losses overnight, and in light of the accumulation of gasoline stocks in the United States, indicating a decline in expectations for fuel demand, with the increase in the number of Corona virus infections in North America and Europe. Brent crude futures fell one …

Oil, Crude, trading

Oil prices declined on Wednesday after data showed an increase in the United States crude oil inventories, spurring once again fears about the recovery of the global demand. Brent crude futures for December delivery declined by $1.43, or 3.3%, to finish at $41.73 per barrel. Meanwhile, the West Texas Intermediate …

Crude oil inventories in the United States declined last week, according to data released by the US Energy Information Administration (EIA) on Wednesday. The EIA weekly report showed that oil stockpiles decreased by one million barrels in the week that ended on October 16 to a total of 488.1 million …

Oil prices fell on Wednesday after a sudden increase in US crude stocks stoked fears of a global supply glut, and the rise in COVID-19 cases exacerbated concerns about a slow recovery in fuel demand. Brent crude futures for December delivery were at 42.70 dollars a barrel, down 46 cents, …

Data from the American Petroleum Institute showed, Tuesday, that crude oil inventories in the United States recorded an unexpected increase last week, while gasoline and distillate inventories declined. Crude inventories increased 584 thousand barrels in the week ending October 16, to reach about 490.6 million barrels, while analysts’ expectations indicated …

Oil, Crude, trading