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On Wednesday, oil prices accelerated their growth, reaching maximum marks for the week, based on data on a sharp decline in US fuel inventories. As reported by the American Petroleum Institute, last week, oil reserves in the US fell by 5 million 170 thousand barrels. Additional support for the oil market was the weakening of the US dollar, which increases the return on investments into assets denominated in US currency. October futures for Brent crude on Wednesday at 13:42 Moscow time went up by 1 dollar 1 cent to 73 dollars 64 cents per barrel. The price of the October WTI oil futures rose 85 cents to 66 dollars 69 cents per barrel.
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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