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Tag: petroleum

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Oil is Declining in Asia and Demand from India is Weak

Manikandan Fastura5 years ago03 mins

Oil in Asia fell on Thursday morning and India’s demand continued to decline. Brent oil futures were down 0.69% at $ 71.72 and WTI futures were down 0.69% at $ 69.48. India, the world’s third-largest oil consumer, recorded the lowest fuel demand since August 2020 as economic activity was hampered by an increase in COVID-19…

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  • Commodity Market
  • NYMEX Market

Crude oil is falling amid India’s crisis, with US stocks forming

Manikandan Fastura5 years ago02 mins

Oil prices fell on Wednesday, turning a profit overnight, with COVID-19 cases on the rise in India and U.S. The larger-than-expected structure in crude stocks also offset the optimism shown by OPEC and its allies in a solid recovery in global fuel demand. Brent crude futures fell 26 cents, or 0.4%, to $ 66.16 a…

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