Oil prices recovered on Thursday after the collapse the day before, triggered by US statements about plans to introduce new duties on Chinese goods. On Wednesday, WTI crude oil fell at a record pace for the year, and Brent - for almost 2 years. By 14:57 Moscow time on Thursday, September futures for Brent crude went up 85 cents to 74 dollars 25 cents a barrel. Prices for August WTI futures rose 52 cents to 70 dollars 90 cents per barrel. According to the forecast of the International Energy Agency, promulgated on Thursday, the demand for oil in 2018 and 2019 will increase by 1 million 400 thousand barrels per day. According to the agency, in June, OPEC countries increased production by 180,000 barrels per day to a maximum of 31 million 870 thousand barrels per day in the last 4 months.
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. ...