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Energy prices raised up on Thursday on a regular U.S. crude stockpile reduction which came in 3 times the level previously expected. WTI Futures added 0,3% and surpassed $56. At the same time, Brent Oil Futures gained 0,2% to $63,31. The U.S. Energy Information Administration reported crude reserves reduced by 10,84 million barrels for the week to July 19. The analysts’ forecast was only 4 million barrels. The organization also reported the gasoline inventories reduction by 226 thousand barrels. The forecast was the figure decline to 499 thousand barrels.
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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