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Tag Archives: WTI

Oil Prices Increase Near 5-Month High

Oil prices increased on Tuesday at around 04:15 AM GMT, with WTI crude hovering near five month-high of around $43 a barrel, while Brent crude gaining 1.1% to $45.76 a barrel, supported by efforts from major oil producers to control output as well as hopes for the latest development of …

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Oil Prices Gain Ground on Tuesday

WTI crude futures traded 0.3% higher above $42.0 per barrel on Tuesday helped by expectations of US stimulus as lawmakers continued negotiations on the coronavirus relief economic package after talks between Democrats and the White House collapsed last week without a deal. Prices were also supported by news on Sunday …

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Oil Prices Soar on Output Cuts

Oil prices surged on Monday after Saudi Aramco said that it sees a rebound in oil demand in Asia as more economies gradually open up after the easing of COVID-19 lockdowns and despite a resurgence of virus cases in some places. Also, Iraq said Friday that it would reduce its …

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Oil Prices Fall on Demand, Oversupply Concerns

WTI crude futures fell nearly 1% to trade around $40.4 per barrel on Friday, as investors fear that fuel demand could take more time to recover amid a surge in coronavirus cases, while oversupply concerns also persisted. On Thursday, the US reported at least 75,000 new COVID-19 cases, a new …

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