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During trading on Tuesday, there was a decline in oil prices, as volatility persisted in global stock markets and fears of reducing global demand for fuel rose against the backdrop of the trade war between the United States and China. The American media report that if the meeting of the presidents of the United States and the People's Republic of China in Buenos Aires in November does not bring progress in trade relations between the two countries, the US authorities may impose duties on the entire volume of goods imported from China. Oil supplies from OPEC countries declined in October to their lowest level since April 2017 due to the fall in Iran’s exports. On Tuesday, by 5:58 pm Moscow time, Brent crude fell in price by 1 dollar 30 cents to 76 dollars 4 cents per barrel. The price of WTI crude oil fell 83 cents to 66 dollars 21 cents a 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 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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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