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On Tuesday, oil prices rose for the third consecutive session on fears that US President Donald Trump could resume sanctions against Iran. On May 12, the term of the US-requested revision of the terms of the Iranian nuclear agreement expires. UBS Wealth Management analyst, Giovanni Staunovo, believes that Brent oil can rise in price to $80 per barrel, if the US renounce the Iranian nuclear agreement. On Tuesday at 14:15 Moscow time, June futures for Brent crude rose 29 cents to $75 per barrel. The price of June futures for WTI rose by 45 cents to 69 dollars 9 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 ...
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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