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On Thursday, oil prices continued to decline based on data on the unexpected growth of commercial inventories in the US. According to official data, last week commodity stocks of oil in the US increased by 3 million 800 thousand barrels, while analysts had predicted their decrease by 2 million 400 thousand barrels. At the same time, oil reserves at the terminal in Cushing fell to a minimum since 2014. The production of oil fell by 100,000 barrels per day. By 14:57 Moscow time, October futures for Brent crude fell 34 cents to 72 dollars 5 cents a barrel. The price of the September contract for WTI oil fell by 54 dollars to 67 dollars 12 cents per barrel.
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 ...
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
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