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The price of Brent crude fell by 0.8% last week, while price of WTI crude oil rose by less than 0.1%. During trading on Friday evening, there was an increase in the fall in oil prices amid falling stock markets and rising bond prices caused by concerns about a slowdown in the global economy. By 18:07 Moscow time, Brent crude was trading at the level of 66 dollars 60 cents a barrel. Its value fell by 1.86%. WTI crude oil fell 2.28% to 58 dollars 60 cents a barrel. On Friday, the yield on long-term government bonds was lower than the yield on short bonds for the first time since 2007. The oil market was also concerned about the weakening of business activity in the euro area, where the most significant drop in the PMI index in the processing industry is observed.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
Oil prices gained for the third day on Tuesday, supported by a bounce in demand from efforts to lift the U.S. economy as it struggles to recover from the coronavirus pandemic. Prices were also buoyed by a weakening dollar, making it ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
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