Oil prices rose on Monday, as traders express concern over the possible formation of a supply deficit due to US sanctions against Iran. The market reacted positively to the decision of the Ministerial Monitoring Committee of OPEC + over the past weekend to continue the implementation of the agreements reached in June. Saudi Arabian Energy Minister Khalid al-Falih considers the oil market to be fairly balanced. On Monday at 14:27 Moscow time, the price of November futures for Brent crude oil rose by 1 dollar 87 cents to 80 dollars 67 cents per barrel. The November futures contract for WTI crude rose in price by 1 dollar 20 cents to 71 dollars 98 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 ...
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 ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...