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On Monday, oil showed strong growth in the price based on reports of a reduction in production in Saudi Arabia. According to the Bloomberg agency, Saudi Arabia in July reduced oil production to 10 million 300 thousand barrels per day from 10 million 490 thousand barrels per day a month earlier, which contradicts the expectations of an increase in production of this country, according to the agreement on increasing production. The market is also supported by geopolitical risks associated with the introduction of US sanctions against Iran. October futures for Brent crude by 14:47 Moscow time went up by 69 cents to 73 dollars 90 cents a barrel. The price of September futures for WTI rose by 88 cents to 69 dollars 37 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 ...
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 ...
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 ...
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
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