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Oil prices went down on Monday. July futures for Brent crude by 15:14 Moscow time fell by 35 cents to 78 dollars 16 cents per barrel. The price of June futures for WTI oil fell 2 cents to 71 dollars 26 cents per barrel. The head of the International Energy Agency, Fatih Birol, considers oil production in Venezuela to be one of the main risks for the oil market in the coming months, expecting it to fall sharply. Analysts at Citi expect that oil prices will continue to rise and the spread between Brent and WTI will increase, which may exceed $10 per barrel next year. They predict for the year 2019 the price of Brent at $70 per barrel. At the same time, analysts at IBS believe that the price of oil could rise to $100 per barrel.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
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 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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 ...
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