Oil prices are continuing a choppy sideways trade in absence of news. Uncertainty over the potential ramifications of the Delta wave which could jeopardize the energy demand recovery put pressure on crude prices. Hence, Brent crude settled at $74.48 a barrel, posting its first loss in six sessions. U.S. WTI crude lost 0.4% to close at $71.65 a barrel.
read more... 28/07/2021
Crude oil futures diverged to trade rather flat on Monday amid mixed signals. Forecasts that crude supply will be tight the rest of the year provide little support, while the spread of the COVID-19 Delta variant stoked fears about fuel demand, limiting gains. Hence, Brent crude rose by 0.5% to settle at $74.50 a barrel, while U.S. WTI crude lost 0.2% to close at $ 71.91 a barrel.
read more... 27/07/2021
Oil prices increased slightly on Friday, as signs of strengthening demand were offset by concerns over the Delta variant of the coronavirus. Hence, Brent crude gained merely 0.4% at $74.10 a barrel and WTI oil edged 0.2% higher at $72.07 a barrel.
read more... 26/07/2021
Oil prices continued to increase on Thursday amid signs of recovering demand while supplies are expected to remain tight through 2021. Brent crude price rose by 2.2% to close at $73.79 a barrel. At the same time, the American WTI crude increased by around 2.3% to settle at $71.91 a barrel.
read more... 23/07/2021
Crude oil prices closed higher on Tuesday, as the new OPEC+ deal should provide some stability to the market over the coming months in spite of the higher output. As a result, Brent crude oil rose 1.1% to $69.35 a barrel and WTI crude ended up 1.2% to $67.20 a barrel.
read more... 21/07/2021