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On Tuesday, oil prices increased moderately in anticipation of data on oil reserves in the US. By 14:25 Moscow time, the price of September futures for Brent crude rose by 3 cents to 73 dollars 9 cents per barrel. September futures for WTI oil went up by 37 cents to 68 dollars 26 cents per barrel. Against the backdrop of fears about trade conflicts between the US and China and an increase in supply from the OPEC and US countries, oil prices since early July have fallen by 8%. It is reported that Saudi Arabia will closely monitor the balance of supply and demand in the market and refrain from raising production to the level of maximum capacity utilization.
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 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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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