Following the results of last week, oil showed growth: Brent grew by 0.7%, WTI - by 1.3%. On Friday, oil also showed growth as the timing of consideration of the US participation in the agreement on Iran's nuclear program approached. If the US withdraws from this agreement, concluded in 2015, and the restriction on the export of Iranian oil will be carried out, this could lead to a fuel shortage in the world market. In this case, according to the experts, this year Iran will reduce oil supplies by about 500 thousand barrels per day. The price of July futures for Brent crude by 18:18 Moscow time on Friday increased by 64 cents to 74 dollars 26 cents per barrel. June futures for WTI rose 52 cents to 68 dollars 95 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 ...
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, ...