Oil in Asia was lower on Friday morning but recorded solid gains at the end of the week and month. Fuel demand is growing faster than supply, while vaccination rates have mitigated the impact of the renaissance on Govt-19 cases worldwide. Brent oil futures were down 0.79% at $ 74.51 after rising 1.75% on Thursday….
Oil rose in Asia on Wednesday morning, leaving the U.S. An imbalance in crude supply increased, which strengthened expectations that fuel demand would outweigh supply growth. However, the increasing number of COVID-19 cases worldwide has made black liquid profitable. Brent oil futures rose 0.65% to $ 74 after scattering 2 cents during the previous session…
Oil in Asia fell on Friday morning, but caught up largely three days earlier, hoping rising demand would tighten global markets. Brent oil futures were down 0.37% at 5 73.52. WTI futures fell 0.38%. 71.64 and was down 0.3% in early Asian trade after accumulating more than 8% in the previous three sessions. Brent and…
U.S. Energy Information Management (EAA) U.S. Confirming an astonishing structure in the supply of crude oil, the rising Govt-19 cases reduce the global fuel demand outlook. However, the black liquid kept most of its gains from the previous session above expectations that products would be tight by the end of 2021. Brent oil futures rose…
Brent crude is down $ 1.08 or 1.5% Oil prices fell more than $ 1 a barrel on Monday after OPEC + group of producers agreed to overcome internal divisions and boost production, sparking some concerns about crude surpluses as covid-19 infections continue to rise in many countries. After falling nearly 3% last week, Brent…
Data showing that China’s crude imports have declined in the first half of 2021 has raised fuel demand. However, the black liquid is still close to a week high as supply concerns persist with the economic recovery from COVID-19. Brent oil futures rose 0.34% to $ 76.23 during the previous session. WTI futures were down…
Oil prices rose on Tuesday, offsetting some of the losses of the previous day as the U.S. Tight supply and expectations for a more balanced supply of crude goods provided support, however, fears about the spreading COVID-19 variant paid off. Brent crude for September was up 19 cents, or 0.3%, at 0.521 to $ 75.35…
Oil in Asia fell on Friday morning, according to data released on Thursday. Demand increased as fuel inventories fell and economic recovery led to consumption. Brent oil futures fell 0.32%. At $73.88, crude oil WTI futures fell 0.18%. $72.81. The U.S. The Energy Information Administration (EIA) crude oil supply data showed a balance of 6.866…
Oil was mixed in Asia on Wednesday morning, but the production dispute between Saudi Arabia and the United Arab Emirates (UAE) continued to hover above $ 73. The controversy has stymied efforts by the Organization of the Petroleum Exporting Countries (OPEC) to boost production as the fuel demand outlook is bright. Brent oil futures down…
Oil prices rose on Monday, and no agreement has been reached to increase production after OPEC + countries halted talks on output levels. Brent was up 94 cents, or 1.2%, at 1652 GMT at $ 77.11 a barrel, trading at a 2-1 / 2 year high. The U.S. A barrel of oil increased by $…
