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Over the past week, Brent crude oil prices increased by 2.2%, prices for WTI oil - by 1.6%. On Friday, September futures for Brent crude rose 17 cents to 74 dollars 71 cents based on news about growing tensions in the Middle East. September futures for WTI oil fell 24 cents to 69 dollars 37 cents on fears of escalating the trade conflict between the US and their trading partners. The partner of the Again Capital Foundation, John Kildaff, said: “Fears about world trade are certainly an important factor. And at the same time, prices are about $70 per barrel. A lot of things support the market, including events in the Middle East.”
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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