Crude Oil Oil prices tested $30/bbl on Monday on fears that government lockdowns to contain the spread of the disease would spark a global recession.. Brent crude futures fell $ 3.80 (11.2%) to settle at $33.05 a barrel. WTI futures fell $ 3.03 (9.3%) to settle at $28.70 a barrel. During the US trading session Brent prices fell below $30 a barrel. The international benchmark fell as low as $29.52 a barrel, its lowest since…
Read MoreCrude Oil Oil prices recovered a little on Friday, partly in response to economic stimuli and partly in response to short covering. Brent crude futures rose 63 cents to settle at $33.85 a barrel. WTI futures rose 23 cents to settle at $31.73 a barrel. The rare combination of severe shocks to both supply and demand has caused the crude market to collapse as producers around the world steel themselves for an unexpected glut of…
Read MoreCrude Oil Brent crude slid 7% on Thursday after President Donald Trump restricted travel to the United States from Europe as part of measures to try to halt the spread of the Covid 19 virus in the US. Brent crude futures fell $2.57 to settle at $33.22 a barrel. WTI futures fell $1.48 to settle at $31.50 a barrel. The six-month Brent contango spread from May to November widened to as much as $7.31 a…
Read MoreTrifecta Consultant’s views on the oil markets were reported by Radio Spunik on their website Click Here
Read MoreCrude Oil Oil prices fell 4% on Wednesday after the World Health Organization said the global coronavirus outbreak is now a pandemic. Brent crude futures fell $1.43 to settle at $35.79 a barrel. WTI futures fell $1.38 to settle at $32.98 a barrel. At a global level, the death toll from the COVID-19 in rose to 4,633 (+338 DoD) yesterday, with the total number of confirmed infections at 126,367 (+7,188 DoD). The growth factor of…
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