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By 15:01 Moscow time on Tuesday, september futures for Brent crude went up by 85 cents to 78 dollars 15 cents per barrel. August WTI crude oil futures added 89 cents and amounted to 74 dollars 83 cents per barrel. According to MarketWatch, oil production in Libya fell by 850,000 barrels, as the main Libyan ports remain closed, through which oil is exported from the country. A month lay-off of the Canadian company that produces 350,000 barrels per day, due to an accident, actively reduces oil reserves in the United States. According to the data on oil transportation, Saudi Arabia increased oil production by 330 thousand barrels per day in June.
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 ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
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 ...
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