Oil prices reversed earlier gains on Thursday amid surging COVID-19 infections in India, but a report a day earlier indicating a large drop in the U.S. crude stockpiles hold the fall in check. Hence, Brent crude settled 1.3% lower at $68.09 a barrel. Meanwhile, US WTI crude declined by 1.4% to close at $64.71 a barrel.
read more... 07/05/2021
Crude oil prices remained rangebound on Wednesday, as gains from declining crude stocks in the United States were limited by concerns over global demand for black gold. Brent crude ended rather unchanged at $68.96 a barrel, and WTI oil edged 0.1% lower at $65.63 a barrel.
read more... 06/05/2021
Crude oil prices strengthened on Tuesday, on the back of prospects for activity and travel resumption in several European countries, particularly France and Italy. As such, Brent oil increased by 2% to $68.88 a barrel and WTI crude rose by 1.9% to $65.69 a barrel.
read more... 05/05/2021
Crude oil prices started the week on a front foot, as strong economic figures from China and a rapid coronavirus vaccination pace in the US overshadowed the concerns over increasing virus figures in India. Hence, Brent crude added 0.55 to settle at $67.56 a barrel. Meanwhile, U.S. WTI crude increased by 1.4% to close at $64.69 a barrel.
read more... 04/05/2021
Crude oil prices ended lower on Friday, weighed by the Covid-19 situation in India and fears for black gold demand. Meanwhile, profit-taking after three sessions of gains also put pressure on prices. As a result, Brent crude fell by 1.9% to $67.25 a barrel, and WTI oil ended 2.2% down at $63.58 a barrel.
read more... 03/05/2021