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Oil prices declined on Thursday, reaching the maximum level in 4 years. According to analysts, oil supplies from Iran by November 4, when the second block of US sanctions against this country is introduced, will fall by about 1 million barrels per day, or almost 2 times compared with the June volume, Dow Jones reports. Nevertheless, the Minister of Energy of Saudi Arabia, Khalid al-Falih, expresses the opinion that the level of oil supply in the world market is currently quite high. By 17:40 Moscow time on Thursday, Brent crude for December delivery fell 68 cents to 85 dollars 61 cents per barrel. The price of November futures for WTI oil fell by 89 cents to 75 dollars 52 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 ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
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. ...
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