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Following the results of the last week, the price of Brent oil fell by 1.2%, while the price of WTI increased by 0.1%. On Friday, oil prices fell slightly. The fear of the escalation of the conflict between the US and China continues to exert negative influence on investor sentiment. Investors also fear that the imposition of US sanctions against Iran could lead to a reduction in the supply of Iranian oil to the world market. Anxiety also causes the growth of reserves in the US and the increase in production by the OPEC + countries. The cost of the October futures for Brent crude on Friday fell by 6 cents to 73 dollars 39 cents per barrel. September futures for WTI crude fell 13 cents to 68 dollars 83 cents a 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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