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Following the results of the past week, Brent crude rose by 5.2% , of the month - by 2%, and of the quarter – by 16%. Since the beginning of the year its price has increased by 22%. The price of WTI oil for the week increased by 8.3%, for the month - by 11%, for the quarter - by 16% and from the beginning of the year - by 25%. Against the backdrop of fears of problems with supply in the world market, on Friday, Brent prices rose by 1 dollar 62 cents and amounted to 79 dollars 47 cents per barrel. WTI oil went up by 85 cents to 74 dollars 30 cents a barrel. Investors are concerned about the struggle of two governments that flared up in Libya for exporting oil terminals. Another concern is the demand of other countries to reduce oil purchases in Iran to zero by the beginning of November. In addition, in Canada, because of the accident, the company, extracting about 360 thousand barrels per day, has stopped its work.
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 ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
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 ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
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