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On Monday, oil prices declined moderately based on Baker Hughes data on the increase in operating rigs in the US. The number of operating oil installations in the US increased last week by 10 units to a maximum from March 2015 to 869 units. Fears of a reduction in oil supplies from Iran in connection with the imposition of US sanctions on Iran's oil industry on November 5 act as support for the oil market. The problems of Turkey and the fall of the Turkish lira to the historic low of 6.91 lira per dollar led to a decrease in the market's appetite for risky assets, including raw materials. October Brent crude oil futures at 14:20 Moscow time fell 9 cents to 72 dollars 72 cents a barrel. The price of September futures for WTI oil fell by 30 cents to 67 dollars 33 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 ...
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. ...
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 ...
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