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Oil prices rose sharply after a decline the day before

15.08.2018 10:00:24

October futures for Brent crude on Tuesday at 14:43 Moscow time went up by 90 cents to 73 dollars 51 cents per barrel. The price of September futures for WTI oil also rose by 90 cents to 68 dollars 10 cents per barrel. On Monday, oil prices fell against the background of a reduction in demand for risky assets caused by the currency crisis in Turkey. After Monday's lira depreciation against the US dollar by 6.5% on Tuesday, its growth was 4.6% to 6.58 lira per dollar. As the chief analyst of the raw materials market in SEB, Bjarne Skildrop, noted: “Today the lira is strengthening, and the market sighed with relief”. Now, the market expects the introduction of sanctions on the export of oil from Iran, as well as data on oil reserves in the United States.

Latest News

31.07.2020 14:00:27

Oil prices rebounds from record lows amid looming headwinds from the pandemic

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 ...

30.07.2020 13:00:25

European shares trade lower after weak earnings reports

European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...

30.07.2020 11:00:25

Oil falls as virus fears weigh on demand recovery

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 ...

29.07.2020 14:00:25

Aussie consumer prices hit record low in second quarter, outlook remains murky

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 ...

29.07.2020 11:00:24

Oil climbs after U.S. stockpile drop prompts demand fears

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. ...

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