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Oil prices began to rise on Monday based on tough statements by the US and Iran, Bloomberg reports. US Secretary of State Mike Pompeo said that Washington will continue to put tough pressure on Tehran and urged other states to join it. As the president of the Islamic Republic of Iran, Hasan Ruhani, said earlier, the adventurous actions of the US can lead to an unprecedented war. US President Donald Trump, in response to this statement, wrote on Twitter that Iran's threats could have serious consequences, “which only a few countries have experienced in world history.” By 14:41 Moscow time, September futures for Brent crude went up by 92 cents to 73 dollars 99 cents a barrel. The price of September futures for WTI crude rose 71 cents to 68 dollars 97 cents a 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 ...
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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