Crude oil prices rose on Friday, ahead of Thanksgiving holiday in the United States. Hopes of progress on the Covid-19 vaccine lent support to prices. As a result, Brent oil increased by 1.7% to close at $44.96 a barrel and WTI crude gained 1.6% to settle at $42.42 a barrel.
read more... 23/11/2020
Oil prices ended slightly down on Thursday, in the face of the worsening Covid-19 epidemic, but also due to tensions over quotas within OPEC+. Hence, Brent crude slipped by 0.3% to settle at $44.20 per barrel. U.S. WTI crude lost 0.2% to close at $41.74 per barrel.
read more... 20/11/2020
Wednesday, OPEC has reconfirmed its intentions to continue cutting production, thus supporting crude oil prices amid Covid-19 and demand worries. As a result, Brent crude for January delivery closed 1.4% up at $44.34 a barrel, while WTI crude edged 0.9% higher at $41.82 a barrel.
read more... 19/11/2020
Crude oil prices were little changed on Tuesday as optimism about a second promising coronavirus vaccine faded in the face of concerns about the immediate outlook for demand. However, the conclusion of Monday’s OPEC+ meeting, with the majority of the producer countries supporting an extension of the output cuts beyond January has failed to boost the market sentiment. Hence, Brent crude lost 0.2% to end at $43.75 a barrel. At the same time, U.S. WTI crude added 0.2% to settle at $41.43 a barrel.
read more... 18/11/2020
Crude oil prices surged on Monday after Moderna’s report on the progress in its Covid-19 vaccine boosted the whole energy complex, with investors reacting to the prospect of life returning to pre-pandemic levels. Hence, Brent crude soared by $1.04, or 2.4%, to settle at $43.82 per barrel. At the same time, U.S. WTI crude climbed by $1.21, or 3%, to end at $41.34 per barrel.
read more... 17/11/2020