International Energy Agency report showed that the market should expect tighter supply for now due to disagreements among major producers. According to the same report, a strong recovery in demand was noticed during last month. Thus, Brent crude gained around 1.8% to end at $76.49 a barrel. The American crude rose by 1.6% to settle at $75.25 a barrel.
read more... 14/07/2021
Oil prices dropped on Monday, on doubts over OPEC's ability to maintain production discipline and signs of reduced demand for black gold. Consequently, Brent crude slipped by 0.5% to $75.16 a barrel and WTI oil edged 0.6% lower at $74.10 a barrel.
read more... 13/07/2021
Oil rose on Tuesday, recovering from the previous day's drop, as expectations of further declines in U.S. crude inventories outweighed fears that spreading COVID-19 variants could derail a global economic recovery.
read more... 13/07/2021
Crude oil prices rebounded on Friday, supported by a weaker US dollar and the drop in US crude inventories. Despite the lack of an agreement between OPEC+ members, Brent oil gained 1.9% to settle at $75.55 a barrel. At the same time, WTI crude increased by 2.2% to $74.56 a barrel.
read more... 12/07/2021
Oil prices were little changed in early Asian trade on Monday as an impasse in talks among key producers to raise output in coming months kept supplies tight, offsetting concerns about coronavirus' impact on the global economy.
read more... 12/07/2021