Tag Archives: Oil

Oil prices closed higher on Tuesday, continuing to gain support from output disruptions due to weather conditions at the Gulf of Mexico. West Texas Intermediate (WTI) finished higher by 73 cents at $43.35 per barrel, or its highest level since March 5. Meanwhile, the global benchmark Brent crude futures for …

According to the New York Mercantile Exchange, crude oil futures for October were traded at $42.56 a barrel, up 0.14%. It was previously traded higher at $42.60 a barrel. Crude oil may find support at $41.46 and resistance at $42.96. The dollar index, which measures the performance of the greenback …

Data released by the US Environmental Safety and Protection Bureau on Monday showed that oil and gas producers stopped 1.5 million barrels of oil production in the US coast in the Gulf of Mexico, or about 82% of total production, ahead of two consecutive storms this week. Producers have also …

Crude oil prices settled higher on Monday, after weather conditions in the Gulf of Mexico limited output volumes of oil and natural gas. Brent crude futures for October delivery rose by 78 cents and finished at $45.13 per barrel. Meanwhile, the West Texas Intermediate (WTI) futures closed higher by 28 …

Crude oil prices rose on Monday as two storms approached the Gulf of Mexico, cutting more than half of oil production there, and amid optimism about the Coronavirus, after the US Food and Drug Administration allowed the use of blood plasma from recovered patients as a treatment option. Brent futures …

Oil prices closed Friday lower, despite a decrease in the United States active oil rig count to a record low, amid renewed concerns regarding demand outlook. This comes after PMI data showed that the global economic recovery is not accelerating. Brent crude futures for October delivery lost 55 cents, or …

Oil rigs in the United States decreased by three rigs during the week ending on 14 August, data by Baker Hughes showed on Friday. The US oil rig count declined to a new record low at a total of 244 rigs last week. The continuous decrease in active oil rigs …

Oil prices rose, and is on the path of achieving gains for the third week in a row, as it was strengthened by the efforts of major crude producers to cut production in light of concerns about the economic recovery from the Coronavirus pandemic. US West Texas Intermediate crude futures …

In light of preliminary prints for Crude Oil futures markets from CME Group, open interest and volume went up by nearly 4.7K contracts and by around 103.5K contracts, respectively, on Thursday.Prices of the WTI keep the broad-based side-lined theme unchanged for the time being, Thursday’s bounce of daily lows was …

Oil prices decreased on Thursday, on renewed concerns regarding economic recovery from the COVID-19 crisis, after the US Federal Reserve expected the pandemic to weigh heavily on the economy and the increase in jobless claims in the US last week. Brent crude futures for October delivery settled lower by 47 …