Crude oil prices inched higher on Friday, after U.S and Canadian oil producers cut the number of active rigs by the most in a month since 2015. Consequently, Brent crude for June delivery traded 0.5% higher at $21.44 a barrel. Similarly, WTI futures rose by 2.7% to $16.94 a barrel.
read more... 27/04/2020
Crude oil futures gained ground for the second consecutive session on Thursday, with the U.S. WTI crude surging by about 20% as escalating tensions between Iran and the United States offset the deteriorating demand due to the coronavirus pandemic and the supply glut.
read more... 24/04/2020
Crude futures recovered from a more-than 20-year low on Wednesday, on potential new oil talks between OPEC producers to deepen supply cuts to support the market. Consequently, Brent crude jumped by 5.4% to $20.37 a barrel. Similarly, WTI futures traded 19.1% higher at $13.78 a barrel.
read more... 23/04/2020
Crude oil futures prolonged their collapse on Tuesday, as the global coronavirus crisis continues to severely reduce demand for crude, intensifying the supply glut.
read more... 22/04/2020
Crude oil prices plummeted on Monday, with WTI crude tumbling below $0 for the first time in history, a fall amplified by the imminent expiration of the May U.S. oil futures contract which prompted investors to get rid of it at any cost.
read more... 21/04/2020