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Tag: Crude Oil

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Oil rises as demand increases and suppliers keep supply tight

Manikandan Fastura4 years ago04 mins

Oil prices rose for a third day on Thursday in anticipation of rising fuel demand by the end of this year, especially in the US and Europe, and China, while large manufacturers have been adhering to supply discipline. After reaching its highest level since September 2019, Brent crude futures rose 40 cents, or 0.6%, to…

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  • Commodity Market
  • NYMEX Market

China regulator says crude oil and palm oil were trading stars in June

Manikandan Fastura4 years ago02 mins

China has agreed to trade crude oil and palm oil options on the Shanghai International Energy Exchange and the Dalian Commodity Exchange, respectively, its bond regulator said Friday, adding some products that are open to foreign participants in the trade. Crude oil options will start trading on June 21 and palm oil options on June…

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  • Commodity Market
  • NYMEX Market

Oil prices will rise as demand rises

Manikandan Fastura4 years ago03 mins

Oil prices rose in Asian trade on Monday on the bright outlook for fuel demand growth over the next quarter, while investors looked forward to the OPEC + meeting this week to see how manufacturers will respond. Brent crude futures for August were up 50 cents, or 0.7%, at $ 69.22 a barrel, the highest…

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  • Commodity Market
  • NYMEX Market

Oil down for fear withdrawal of Iranian goods

Manikandan Fastura4 years ago04 mins

Oil fell on Wednesday on concerns that the withdrawal of Iranian supplies would exceed expectations for improving U.S. fuel demand, which was strengthened by the fall in weekly inventory ratings. Brent crude oil futures for July were down 6 cents, or 0.1%, at $ 68.59 a barrel at 0434 GMT, while US dollars for July…

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  • Commodity Market
  • NYMEX Market

Oil remained stable for nearly a week as Iran’s glue was reduced

Manikandan Fastura4 years ago03 mins

Oil prices rose for a third day on Tuesday, hitting a one-week high after rising more than 3% in the previous session, sparking earlier expectations by oil exporters that Iran would make a quick return to international crude markets. Brent crude futures rose 14 cents, or 0.2%, to $ 68.60 a barrel at 0400 GMT,…

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  • Commodity Market
  • NYMEX Market

Oil up as Iran continues to negotiate a nuclear deal

Manikandan Fastura4 years ago03 mins

Oil rose in Asia on Monday morning, with U.S. Investors’ sentiment has been boosted by signs of an economic recovery and improved outlook for fuel demand following the COVID-19. Investors are also watching the progress of negotiations to renew the 2015 Iranian nuclear deal, which is likely to boost global crude supplies. Brent oil futures…

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  • Commodity Market
  • NYMEX Market

Oil is set for weekly losses in Iran nuclear talks

Manikandan Fastura4 years ago03 mins

Oil prices rose on Friday after three days of losses as investors dared to withdraw Iranian crude supplies after officials said Iran and world powers had made progress on the nuclear deal. By 1017 GMT, Brent crude was up 80 cents, or 1.2%, to $ 65.91. The West Texas Intermediate was $ 62.82 a barrel,…

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  • Commodity Market
  • NYMEX Market

If Oil is Mixed in the Tight Range, Asia’s COVID-19 Restrictions Situation

Manikandan Fastura4 years ago04 mins

A major U.S. power outage occurred on Monday after the pipeline network was restored. Oil prices have risen sharply, however, new regulations in Asia have raised sentiment amid rising COVID-19 cases. Brent crude futures rose 3 paise to $ 68.74 a dollar in early trade at $ 68.74 a dollar, while West Texas Intermediate (WTI)…

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  • Commodity Market
  • NYMEX Market

As the market waits for new notes, oil rises to solid demand

Manikandan Fastura4 years ago03 mins

U.S. Oil prices rose on Wednesday after the fall in crude oil prices strengthened OPEC’s strong demand outlook, while the market expected new updates on the collapse of the colonial pipeline. U.S. West Texas Intermediate (WTI) crude futures rose 29 cents, or 0.44%, to $ 65.57 a barrel at 0646 GMT, up 36 percent on…

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  • Commodity Market
  • NYMEX Market

Crude oil demand rises to 67 / ppl

Manikandan Fastura4 years ago02 mins

Crude oil barrel confidence rose to $ 67.Countries that are coming back with strong demand are included.The United States and China are concerned about a rise in the coronavirus. India cases and many OPEC + oil distributors. A new wave of the virus already led to the fall.The world’s third-largest consumer fuel sales in April….

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