Friday was oil rise, but investors were waiting for the OPEC meeting, so the week ended with small gains in an otherwise volatile session. Brent oil futures rose 0.03% to .55.5.5.5, while WTI futures rose 0.04%. 73.33. Recent gains in black oil pushed to a higher buying area at the beginning of the week, indicating…
Oil rose in Asia on Wednesday morning, with strong economic recovery from key consumers boosting fuel demand and filtering inflated cargo. Investors are now waiting for a meeting of petroleum exporting countries and allies (OPEC +) for clues on manufacturers’ policy. Brent oil futures rise 0.59%. 75.25 and WTI futures were up 0.47% at $…
Crude oil stocks fell for the fourth week in a row Crude fell on Tuesday as investors paid for the latest rally, but market sentiment remained firm in hopes of a quick recovery in oil demand in the US and European markets and a return on Iranian crude. Brent crude futures for August were down…
As economies reopen in various parts of the world, prices of some commodities have risen, including the prices of key industrial metals. The price rally of metals depends on how many factors are at work to what extent steam can be lost. As our latest chart of the week shows, the price of metals is…
Brent topped $ 72 a barrel for the first time since 2019 as it faced concerns about an overall COVID-19 vaccine release worldwide, such as OPEC + supply discipline and recovery in demand. The Organization of the Petroleum Exporting Countries and its allies said they would abide by the supply restrictions agreed on Tuesday. A…
The West Texas Intermediate gained another 1% on Wednesday, hovering above $ 68 a barrel after OPEC + doubled its decision to ease supply restrictions by July, on-demand. As WTI crude traded at its highest level since October 2018, energy stocks rallied with it. XLE Energy ETF added nearly 2%, pushing its two-day rally closer…
Oil prices flattened on Thursday after a two-day slump that reflected the world’s mixed economic recovery from the U.S. epidemic. Demand is expected to continue to rise, while the second coronavirus outbreak in India has further hampered the movement. Brent crude was up 11 cents, or 0.2%, at $ 66.77 a barrel at 0657 GMT,…
Oil prices fell for a second day on Wednesday on fears that rising US coronavirus cases and inflation could lead to the US Federal Reserve raising interest rates, which could restrict economic growth. Brent crude futures fell 57 cents, or 0.8%, to $ 68.14 a barrel at 0642 GMT. It was down 1.1% on Tuesday…
Oil led to a second straight weekly improvement as investors bet on rising energy demand amid a broad rally in commodities, with China’s strong trading data highlighting the strength of the world economy. The West Texas Intermediate rose 0.5%, recovering from a fall on Thursday. As vaccine-assisted economic activity proliferates in the U.S., Europe, and…
The price of crude oil high by Rs 9 per barrel to Rs 4,761 on Thursday as participants expanded their positions to meet the need for a strong space. On the Multi Commodity Exchange, crude for April delivery was trading at Rs 9 or 0.19, up to Rs 4,761 per barrel on 5,520 lots. Analysts…
