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On Wednesday, oil prices rose on fears of interruptions in fuel supplies from ports of Libya. The chairman of the board of directors of the Libyan national oil and gas corporation National Oil, Mustafa Sanallah, expressed concern that the US and other world powers can block the export of oil from terminals under the control of the unrecognized government in the east of the country. Government, recognized by the international community, is in the west of the country. Sanallah said that only NOC can sell Libyan oil in the international market. August futures for Brent crude by 14:35 Moscow time went up by 47 cents to 78 dollars 9 cents per barrel. WTI crude oil with delivery in August reached a maximum of 72 dollars 80 cents per barrel in 2014, rising by 4 cents.
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 ...
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
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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