Crude Oil Oil prices edged lower in post-settlement trade on Tuesday after a bigger build than expected in U.S. crude stockpiles. Brents future fell 7 cents to settle at $43.75 a barrel. WTI crude futures rose 9 cents to $41.43 per barrel. During the session, prices were narrowly mixed as the demand fears offset hopes for a vaccine and talk of tighter OPEC+ supply policies. Saudi Arabia called on fellow OPEC+ members on Tuesday to…
Read MoreWe apologize for the irregularity of publication over the last couple of weeks and promise to resume on a regular basis from today. Crude Oil Oil prices settled up more than 2% on Monday after trading higher earlier in the day as Moderna Inc said its experimental vaccine was 94.5% effective in preventing COVID-19. Brents future rose $1.04 to settle at $43.82 a barrel. WTI crude futures rose $1.21 to $41.34 per barrel. China’s crude…
Read MoreWe apologize for the irregularity of publication over the last couple of weeks and promise to resume on a regular basis from today. Crude Oil Oil prices fell about 2% on Friday though hopes for a vaccine kept crude futures on track for a second straight weekly gain. Brents future 75 cents to settle at $42.78 a barrel. WTI crude futures fell 99 cents to $40.13 per barrel. For the week, both contracts notched gains…
Read MoreCrude Oil Oil settled below $40 a barrel on Friday as rising global coronavirus cases stoked fears about lackluster demand. Brents future dropped $1.48 to settle at $39.45 a barrel. WTI crude futures fell $1.65 to $37.14 per barrel. Both contracts gained on the week with Brent up 5.8%, and U.S. crude rising 4.3%. Libya is producing more than 1 MB/D of oil, an increase of almost 500 KB/D in just over two weeks, after its two rival-warring…
Read MoreCrude Oil Oil prices gained nearly 3% on Monday, rebounding from several day of losses built on concerns of rising coronavirus cases, one day before the end of U.S. presidential election voting. Brents future gained $1.03 19 cents to settle at $38.97 a barrel. WTI crude futures rose $1.02 to $36.81 per barrel. Both contracts fell more than $2 earlier in the session, but rebounded with strong factory data in Asia and the United States.…
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