Crude Oil Oil prices fell to their lowest in more than a year on Wednesday after hundreds of new coronavirus cases reported in Europe and the Middle East stoked fears that energy demand would decline. Brent futures fell $ 1.25 to settle at $52.18 a barrel. WTI crude futures settled $ 1.64 lower at $47.09 a barrel. Oil prices tumbled for a fifth day on Thursday to their lowest level in more than a year,…
Read MoreCrude Oil Oil prices fell to their lowest in more than a year on Wednesday after hundreds of new coronavirus cases reported in Europe and the Middle East stoked fears that energy demand would decline. Brent futures fell $ 1.52 to settle at $53.943 a barrel. WTI crude futures settled $ 1.17 lower at $48.73 a barrel. Prices briefly turned positive after the U.S. government reported a drop in gasoline inventories last week. However,…
Read MoreCrude Oil Crude prices fell about 3% on Tuesday, dropping for a third day after the U.S. government warned Americans to prepare for the disease. Brent futures fell $ 1.35 to settle at $54.95 a barrel. WTI crude futures settled $ 1.53 lower at $49.90 a barrel. At a global level, the death toll from the COVID-19 in rose to 2699 (+65 DoD) yesterday, with the total number of confirmed infections at 80997 80,148 (+849…
Read MoreCrude Oil Oil prices slumped by nearly 4% on Monday as the rapid spread of the Covid 19 virus in countries outside China added to investor concerns over the effect on demand for crude. Brent futures fell $ 2.20 to settle at $56.30 a barrel. WTI crude futures settled $ 1.95 lower at $51.43 a barrel. Global equities also extended losses as worries about the impact of the virus grew, with the number of cases…
Read MoreCrude Oil Oil prices fell about 1% on Friday on renewed concerns about crude demand being pinched by the economic impact of the Covid 19 outbreak. Brent futures fell 81 cents to settle at $58. a barrel. WTI crude futures settled 45 cents higher at $53.38 a barrel. Both benchmarks were on track for their second consecutive weekly rise, with Brent up 2% and U.S. crude rising 2.6%, as fears over the virus’ impact on…
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