Oil Prices

  • Crude Oil
    Oil to Fall Lowest Since 2008 Financial Crisis Despite Rising Over 3%

    Oil to Fall Lowest Since 2008 Financial Crisis Despite Rising Over 3%

    Oil prices had been set for their worst weekly drop since the 2008 financial crisis, regardless of rising over 3% Friday, as investors worried over evaporating demand from the coronavirus pandemic and a production increase by top producers. Brent crude was up $1.12, i.e., 3.4%, at $34.33 per barrel after tanking over  7% Thursday. For the week, Brent is set…

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  • Crude Oil
    Oil Prices Remain Steady Despite Rise of America's Crude Oil Inventories

    Oil Prices Remain Steady Despite Rise of America’s Crude Oil Inventories

    Oil costs have been broadly steady on Thursday, regardless of bearish alerts from rising US crude oil shares and weak manufacturing facility activity in China. Brent crude futures had been down 4c at $60.57 a barrel by 10.24 am GMT, erasing earlier features. That they had dropped by 1.6% on Wednesday, and the contract is ready for a month-to-month decline…

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  • News
    Oil Prices Drop Due to US- China Trade Deals

    Oil Prices Drop Due to US- China Trade Deals

    Crude oil futures dropped on Friday amid lingering uncertainty on whether or not, and when, the USA and China will agree on a protracted-awaited deal to finish their bitter commerce conflict, the misery compounded by rising crude inventories in the USA. Brent crude, the worldwide benchmark, was down 16 cents, a barrel by 0259 GMT, after gaining 0.9% within the…

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  • News
    Washington- Tehran Conflict Increases, Oil Prices Face the Consequences

    Washington- Tehran Conflict Increases, Oil Prices Face the Consequences

    Oil futures diverged Monday, with the U.S. costs up to a 3rd straight session whereas world benchmark Brent completed decrease, as tensions with Iran, and the potential of disruptions to grease circulate within the Middle East, elevated. Issues surrounding vitality demand, nonetheless, lingered. Geopolitical tensions with Iran have heated up, whereas oil demand expectations appear to be coming down, stated…

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