Crude Oil Oil prices fell on Friday and posted a second consecutive monthly drop as rising COVID-19 cases in Europe and the United States heightened concerns over the outlook for fuel consumption. The expiring Brent future fell by 19 cents to settle at $37.46 a barrel. The more active January contract lost 32 cents to settle at $37.79 a barrel. WTI crude futures fell 38 cents to $35.79 per barrel. WTI fell 11% for the…
Read MoreCrude Oil Oil prices extended the previous day’s sharp decline on the impact renewed coronavirus lockdowns could have on oil demand. Brent crude futures fell $1.47 to settle at $37.65 a barrel. The more active January contract lost 4% to settle $38.11 a barrel. WTI crude futures fell $ 1.22 to $36.17 per barrel. During the session, the Brent contract traded as low as $36.64, the lowest in five months. U.S. West Texas Intermediate (WTI)…
Read MoreCrude Oil Oil prices fell more than 5% on Wednesday, sending Brent to a four-month low as surging coronavirus infections in the United States and Europe prompted renewed lockdowns. Brent crude futures fell $2.08 to settle at $39.12 a barrel. WTI crude futures fell $ 2.18 to $37.39 per barrel. That was the lowest close for Brent since June 12 and for WTI since Oct. 2. It was the biggest daily percentage losses for both benchmarks since Sept.…
Read MoreCrude Oil Crude settled higher on Tuesday as companies shut down some U.S. Gulf of Mexico oil production ahead of an approaching storm.. Brent crude futures rose 75 cents to settle at $41.21 a barrel. WTI crude futures rose $ 1.01 to $39.57 per barrel. An estimated 915 KB/D of crude production and 1,500 MMcf/d of natural gas production was shut in, reflecting 49.45% and 55.35% of US Gulf output, respectively, according to the US…
Read MoreCrude Oil Oil prices fell more than 3% on Monday, extending last week’s losses as coronavirus cases continued to surge in the United States and Europe, while Libya’s rebound in crude production raised fears of oversupply. Brent crude futures fell $ 1.31 to settle at $40.46 a barrel. WTI crude futures fell $ 1.29 to $38.56 per barrel. The United States reported its highest number yet of new coronavirus infections in two days through Saturday,…
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