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Information that OPEC countries reduced oil production by 800,000 barrels in January, contained in the monthly review of the cartel, pushed oil prices to a more intensive rise on Tuesday. By 18:30 Moscow time, the price of Brent crude oil reached 62 dollars 93 cents, rising by 2.32%. WTI crude oil also rose in price to 53 dollars 48 cents per barrel. Its value increased by 2.04%. The message that agreements reached between Democrats and Republicans of the US Congress on financing to strengthen the border with Mexico could prevent the next suspension of the activities of the US government was also pleasant for investors.
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 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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