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Over the past week, Brent crude oil prices have decreased by 2.8%, WTI - by 0.9%, according to FactSet. Thus, oil remained in the red for the first time in 3 weeks. On Friday, oil prices showed mixed dynamics. By 18:01 Moscow time, the price of September futures for Brent crude oil fell by 40 cents to 76 dollars 98 cents per barrel. August futures for oil WTI went up by 48 cents to 73 dollars 42 cents per barrel. The pressure on prices is provided by the increase in production by Saudi Arabia. However, serious concerns among market participants raise the approach of US sanctions against Iran.
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. ...
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
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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