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On Tuesday, Brent crude oil exceeded $79 per barrel for the first time since November 2014 amid continuing clashes in the Middle East. Investors remain focused on riots in the gas sector and the expected consequences of US sanctions against Iran. The price of the July futures for Brent crude by 13:13 Moscow time increased by 97 cents to 79 dollars 20 cents per barrel. June futures for WTI rose 66 cents to 71 dollars 62 cents per barrel. According to Bloomberg, at present, the American WTI oil has fallen in price relative to the main Middle East contract for Dubai oil by about 3 dollars 20 cents per barrel after Washington's decision to restore sanctions against Iran.
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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