We are back today after a week off for internal reasons. Apologies to those of you who missed our reports Crude Oil Crude prices jumped 4-7% on Friday to their highest levels since March, on strengthening fuel demand as countries around the world eased travel restrictions. Brent crude settled at $32.50 /bbl, up $ 1.37. WTI futures gained $1.87 to settle at $29.43 /bbl. Both contracts posted gains for the third consecutive week. U.S. crude…
Read MoreCrude Oil Oil prices slipped on Thursday as global supply and demand worries erased earlier gains seen from an increase in Saudi Arabia’s official crude selling price. Brent crude settled at $29.46 /bbl, down 26 cents yesterday. WTI futures lost 44 cents to settle at $23.55 /bbl. Oil prices were much higher earlier in the day following reports from Saudi Arabia on crude prices and imports and exports in China. Saudi Arabia’s state oil giant…
Read MoreCrude Oil Oil prices soared on Tuesday, as some European and Asian countries along with several U.S. states began to ease coronavirus lockdown measures. Brent crude settled $ 3.77 higher at $30.97 /bbl. WTI futures gained $ 4.17 to settle at $24.56 /bbl. The rally extended Brent crude’s gains to six straight days, while U.S. benchmark West Texas Intermediate has now rallied for five consecutive sessions. Saudi Arabia’s crude oil exports in May’20 are expected…
Read MoreCrude Oil Oil was up on Monday as more countries announced they would begin easing coronavirus lockdowns. Brent crude settled at $27.20 a barrel, up 76 cents. WTI rose 61 cents to settle at $20.39 /bbl. Finland and several U.S. states were among numerous governments moving to ease lockdown restrictions on Monday to resurrect their economies. However, the re-emergence of trade tensions between the United States and China limited the rise in prices. Adding to…
Read MoreCrude Oil Crude prices recovered strongly on Friday with both benchmarks posting their first gain in four week.. The Brent futures contract expired $ 3.03 higher at $25.57 /bbl. The July contract eased 4 cents to settle at $ 26.44 / bbl. WTI rose 94 cents to settle at $19.78 /bbl. After three consecutive weeks of losses, Brent crude notched a gain of about 23% while WTI increased about 17%. U.S. energy firms cut oil…
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