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The conflict between Iran and the United States has increased the risks regarding oil supplies from the Middle East, which pushed oil prices to rise at the end of last week. Over the week, Brent crude has risen in price by 5%, WTI - by almost 8%. According to The New York Times, US President Donald Trump at the last moment before the sanctioned attack on Iran canceled it, because about 150 people could have died. The US decision to strike at Iran followed the destruction of the American UAV by Iranian troops, which, according to the US, was committed in international airspace, while Iran reported an incident in the country's airspace. Support for the increase in oil prices on Friday was also reported on the suspension of the oil refinery near the city of Philadelphia, where a fire occurred. By 18:24 Moscow time on Friday, the price of Brent crude reached 65 dollars 10 cents a barrel, an increase of 1.01%. WTI crude oil rose 0.72% to 57 dollars 48 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 ...
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 ...
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 ...
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