Tag Archives: Oil prices

Oil prices advanced on Monday, with WTI crude trading nearly $47.0 a barrel while Brent crude staying around $50.0 a barrel at around 06:15 AM GMT, buoyed by hopes that a rollout of COVID-19 vaccine globally will improve global crude demand. The US has kicked off its vaccination campaign against …

Oil prices were up on Friday, extending an overnight rally, with Brent crude crossing $50 a barrel for the first time since March while WTI crude hovering around $47 a barrel, amid hopes that global crude demand would recover next year as vaccine momentum intensified. Reuters reported that the US …

Oil prices increased on Thursday, with WTI rising by 0.5% to $45.73 a barrel at around 06:30 AM GMT while Brent crude gaining 0.3% to $49.02 a barrel, as traders were upbeat that a COVID-19 vaccine rollout in Britain and the imminent approval of a vaccine in the US could …

WTI crude futures rebounded from earlier losses to trade higher at $46.1 a barrel on Wednesday, amid optimism over coronavirus vaccines and renewed hopes a new stimulus bill in the US could be approved soon. US FDA said Pfizer/BioNTech Covid-19 vaccine “met the prescribed success criteria” clearing it for emergency …

Oil prices declined on Monday, retreating from a nine-month, as surging COVID-19 cases globally brought renewed lockdowns and mobility restrictions. In the US, California urged bars, hair and nail salons to close again. In Germany, Bavaria on Sunday said it would launch a stricter lockdown starting from Wednesday until January, …

Oil prices fell on Tuesday, extending its prior losses, amid uncertainty about whether major oil producers would agree to extend its deep output cuts. Reuters reported Monday that the cartel delayed output policy talks until Thursday, as key players were still in disagreement on how much oil they should produce. …

Oil prices were mixed on Friday in a quiet trade due to the US Thanksgiving holiday. WTI crude fell 1.5% to $45.03 a barrel at around 06:45 AM GMT, amid fears that many people are ignoring lockdown advice and travelling. The US Transportation Security Administration said that almost six million …

Crude oil futures dropped more than 1% to trade around $44.9 a barrel on Thursday, as investors remain concerned about near term fuel demand as the number of coronavirus infections continue to rise worldwide. Latest data from the EIA showed gasoline inventories rose by 2.2 million barrels, more than markets …

Crude oil futures rose as much as 2% to trade around $43.2 a barrel on Monday, its highest level in nearly three months boosted by prospects that a coronavirus vaccine may be distributed soon and hopes that OPEC+ will continue to restrain oil output. Oxford and AstraZeneca announced that trials …

Crude oil futures fell more than 0.7% to trade around $41.5 a barrel on Thursday, amid mounting concerns about near term fuel demand as the number of coronavirus infections continue to rise worldwide and led several countries to impose fresh restrictions. The US death toll from COVID-19 surpassed the 250,000 …