Due to unavoidable circumstances, we could not publish the Oil Price Digest last week. our apologies for the same. full service will resume from today Crude Oil Oil prices slipped more than 1% on Friday after an oil worker strike in Norway ended. Brent futures fell 59 cents to settle at $48.25 per barrel. WTI futures fell 59 cents as well to settle at $40.60 per barrel. Despite Friday’s price slide, both benchmarks gained about…
Read MoreCrude Oil Oil prices fell more than 4% on Friday, and posted a second weekly decline after U.S. President Donald Trump tested positive for COVID-19. Brent futures fell $ 1.67 to settle at $39.27 per barrel. WTI futures fell $ 1.67 as well to settle at $37.05 per barrel. Benchmark Brent and U.S. crude each posted a second straight week of losses. Brent was down 7% on the week, while WTI dropped 8%. The uncertainty…
Read MoreCrude Oil Oil futures were rose on Wednseday after progress on the US stimulus to support the COVID affected would help the market. Brent contract for December rose 74 cents to settle at $42.30. WTI crude rose 93 cents to settle at $40.22 per barrel. The OPEC group pumped 24.38 million bpd on average in September, up 160 kbpd from August’s revised figure and a further boost from the three-decade low reached in June. OPEC…
Read MoreCrude Oil Oil prices fell over 3% on Tuesday to their lowest in two weeks on worries as Europe and the United States grappled with a surge in new coronavirus infections. On its second to last day as the front-month, Brent futures for November delivery fell $1.40 to settle at $41.03 a barrel, while the more active Brent contract for December fell 3.1% to settle at $41.56. WTI crude fell $1.31 to settle at $39.29…
Read MoreCrude Oil Oil prices were steady on Friday as well with both markers ending only marginally lower. Brent crude fell 2 cents to settle at $41.92 a barrel. WTI crude settled down 6 cents at $40.25. Oil fell more than 2% on the week as COVID-19 cases surged globally and the spectre of rising oil supply looms in the coming weeks. Brent dropped 2.9% for the week and WTI sunk 2.1%. Russia expects its…
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