Tag Archives: Oil

Crude oil inventories in the United States increased by 5.7 million barrels last week, data by the US Energy Information Administration (EIA) showed on Wednesday. This comes after a decrease of 7.2 million barrels in the previous week, and against expectations of another decline. WTI futures are currently trading at …

The US Energy information administration revised its forecasts for oil prices this year and next year, as US crude is expected to rise 6.9% this year compared to last June’s forecast, to $ 37.55 a barrel. The administration also expected that the average American oil price will increase by 4.1% …

Oil prices fell in trading on Wednesday, with expectations of an increase in crude oil inventories and a decline in oil prices due to lack of physical demand and fears over coronavirus pandemic that renewed concerns about the persistence of oversupply. Brent crude for September delivery fell 0.3% to $ …

Crude oil prices settled lower on Tuesday, as markets anticipate US crude inventories data. Brent crude oil futures for September delivery declined by 2 cents to close at $43.08 per barrel. The benchmark US crude oil, the West Texas Intermediate (WTI), futures for August delivery decreased by 1 cent to …

The United States crude oil production is expected to decline by 600,000 barrels per day (bpd) in 2020 to 11.63 million bpd and 11.01 million bpd in 2021, according to a report by the US Energy Information Administration (EIA) on Tuesday. EIA was previously forecasting a 670,000 bpd decline, Reuters …

West Texas Intermediate crude oil (WTI) futures bounced but facing a difficult time extending this bounce above 40 as risk aversion trades continue in the European session. Traders are waiting for any clues for sentiment with Coronavirus update in US as well as crude oil inventory data from the American …

Crude oil prices continued to trade above $ 40 a barrel, but the resulting fears of a growing number of Covid-19 cases around the world, especially the United States, are limiting the rise in oil prices. Brent crude contracts reached levels of $ 43.32 a barrel, up by 1.12% on …

Oil prices showed a mixed performance at the beginning of the week, with rising COVID-19 cases in the US casting their shadow on US crude, while expectations of a global demand recovery helped Brent crude finish Monday on a higher note. Global benchmark Brent crude oil futures for September delivery …

Brent crude rose during the Asian session and at the beginning of the European session on reliable economic data despite the increasing of Corona cases and its impact on oil demand. Brent crude futures rose to $ 43.42, or 1.43%, as US oil inventories fell more than expected last week, …

With US markets closed this Friday in celebration of Independence Day holiday, oil prices enjoyed a good week and gained more than 4%. According to Reuters, oil fell below 43 dollars/barrel on Friday on the back of the increased numbers of coronavirus infections in the US. However, it noted that …