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Oil prices started to grow against the background of reports on the reduction of the export of oil and oil condensate from Iran to a minimum of more than 2 years. According to Bloomberg, in August, Iran shipped for export slightly less than 2 million 100 thousand barrels per day. In November, the US plans to introduce a second part of the sanctions against Iran, including measures for the oil industry. The price of November futures for Brent crude oil on Monday by 14:00 Moscow time rose by 38 cents to 78 dollars 2 cents per barrel, approaching the maximum in two months. October futures for WTI oil by this time went up by 9 cents to 69 dollars 89 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 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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 ...
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. ...
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