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During trading on Wednesday, oil prices rose on signals of a reduction in US fuel supply. The American Petroleum Institute reported that last week US oil inventories fell by 1 million 50 thousand barrels. The reserves of gasoline fell by 2 million 473 thousand barrels, distillates - by 854 thousand barrels. June futures for Brent crude by 14:38 Moscow time went up by 77 cents to 72 dollars 35 cents a barrel. Prices for May WTI futures rose 86 cents to 67 dollars 38 cents per barrel. Market participants expect that at the meeting on April 20, OPEC and partner countries will discuss the issue of extending the agreement on limitation of oil production.
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 ...
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 ...
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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