Tag Archives: Oil

Oil prices rose to about $ 42 a barrel on Wednesday, September 23, after a report said that US fuel stocks declined, but the increase in crude oil supply and the high number of cases of Coronavirus, which increases concern about demand faltering limited the gains. The American Petroleum Institute …

Oil prices fell by more than 1% on Wednesday, September 23, after data reported that US crude inventories rose unexpectedly, renewing concerns about fuel demand, which caused heavy selling earlier in the week. By 0641 GMT, Brent crude futures fell 33 cents, or 0.8%, to $ 41.39 a barrel. US …

Traders increased their open interest positions by around 5.6K contracts on Tuesday, extending the erratic performance seen as of late in light of flash data from CME Group. On the other hand, volume resumed the downside and shrunk by around 182.1K contracts. Prices of the barrel of WTI charted an …

There was little change in oil futures on Tuesday (September 22nd) after heavy losses overnight, as the latest hurricane receded in the Gulf of Mexico, but concerns about fuel demand continued due to an increase in coronavirus cases around the world. By 0637 GMT, Brent crude futures were down 3 …

Oil prices declined on Monday, amid a negative outlook for global and European demand with the rising number of COVID-19 cases, as well as anticipation for the resumption of crude production and exporting in Libya. Brent crude futures for November delivery dropped by $1.71, or 4%, and closed at $41.44 …

On Monday, September 21st, Barclays raised its oil price forecast for 2020 based on possible limited pressure on its demand estimates. The bank increased its forecast for the price of crude in 2020 for both Brent and US West Texas Intermediate crude by $ 2 to $ 43 and $ …

Oil prices fell on Monday, September 21, due to the possibility of a return to production in Libya, while increasing cases of Coronavirus fueled concerns about global demand, but a tropical storm heading towards the coast of the states on the Gulf of Mexico limited the losses. Brent crude fell …

Oil prices showed a mixed performance on Friday amid concerns over demand outlook and output disruptions, especially in North America. Crude prices also received support from recent remarks reiterating the commitment of OPEC+ to restoring market balance. Brent crude futures for November delivery decreased by 15 cents, or 0.4%, to …

Oil and natural gas rigs in the United States increased this week, according to data by Baker Hughes. Active oil and gas rigs increased by one to 255, but remained 71% below the level of rigs for the same time last year at 613 rigs. Oil rigs fell by one …

Oil prices rose for the fourth session in a row as Goldman Sachs estimates that the market is in a deficit and a new storm has begun to form in the Gulf of Mexico, putting crude on the path of achieving a weekly gain of about 10%. After the Tokyo …