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Oil prices on Wednesday declined, Brent crude oil fell to a minimum in three months after the release of data from the American Petroleum Institute on increasing fuel stocks in the US. The price of September futures for Brent crude by 14:42 Moscow time fell by 41 cents to 71 dollars 75 cents per barrel. August futures for WTI oil fell by 47 cents to 67 dollars 61 cents per barrel. According to the API, the volume of oil in the US storage facilities increased by 629,000 barrels last week. The anxiety of traders is also caused by the growth of oil production in Saudi Arabia and Russia, the slowdown in the growth of China's economy and the strengthening of the dollar.
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 ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
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