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On Tuesday at 14:22 Moscow time, November futures for Brent crude went up by 1 dollar 14 cents to 79 dollars 19 cents per barrel. The price of the October futures for WTI crude oil rose by 97 cents to 69 dollars 88 cents a barrel. The growth of prices was promoted by comments of representatives of Saudi Arabia, Bloomberg writes, referring to sources, that during meetings with investors and traders in Washington, London and Houston. The Minister of Energy of Saudi Arabia, Khalid Al-Falih, and other Saudi officials made it clear that Saudi Arabia was satisfied with the price of oil at the level of $80 and they would not promote the rise of oil prices above this level. Nevertheless, prices, in their opinion, can exceed it for some time.
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 ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
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