The OPEC+ meeting on Monday was expected to lend support to oil prices. The members, however, had delayed on taking a decision for one more day. As such, due to investor’s prudence, Brent crude ended 1.4% lower at $51.09 a barrel, while WTI oil fell 1.9% to $47.62 a barrel.
read more... 05/01/2021
Oil prices increased slightly on Thursday, following the drop in US crude reserves. As a result, Brent crude ended 0.9% up at $51.80 a barrel. At the same time, WTI oil edged 0.3% higher at $48.52 a barrel.
read more... 04/01/2021
According to the U.S. Energy Information Agency (EIA) report released on Wednesday, crude reserves in the United States fell for the third week in a row, thus lending support to oil prices. As a result, Brent crude gained 0.5% to $51.34 a barrel, while WTI oil traded 0.8% higher at $48.40 a barrel.
read more... 31/12/2020
Crude oil prices edged higher on Tuesday, supported by an improved US economic stimulus plan. Despite concerns regarding demand for black gold, Brent oil gained 0.5% at $51.09 a barrel, while WTI crude ended 0.8% higher at $48.00 a barrel.
read more... 30/12/2020
Record-high loadings of the North Sea's largest crude grade, Johan Sverdrup, will help offset a drop in exports of the region's benchmark crudes in February.
read more... 30/12/2020