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Daily (05.03.2020): Brent down 1.4% on Wednesday as Russia resists to OPEC calls for drastic oil cuts
Crude oil futures fell on Wednesday after Russia opposed Saudi Arabia’s plans requesting OPEC+ deeper oil production cuts in order to offset an eroding demand due to the coronavirus outbreak.
read more... 05/03/2020
Daily (04.03.2020): Crude oil prices end on a mixed note on Tuesday despite an unexpected Fed rate cut
Crude oil futures ended on a mixed note on Tuesday, with investors remaining skeptical whether the unexpected cut in the Fed's interest rates could indeed revive global demand hit by the new coronavirus.
read more... 04/03/2020
Daily (03.03.2020): Strong gains in oil prices on Monday, on optimism for OPEC further output cuts
Crude oil futures recorded strong gains on Monday, as central banks promised to protect financial markets from the impact of the coronavirus. Moreover, Russia announced its willingness to cooperate with Opec+ partners to support the world oil market.
read more... 03/03/2020
Daily (02.03.2020): Oil prices at 14-month lows on Friday as coronavirus worries linger
Crude oil futures settled at 14-month lows on Friday, as the panic related to the coronavirus spread hit global markets.
read more... 02/03/2020
Daily (28.02.2020): Oil prices tumbled to 1-year lows due to the rapid spread of the coronavirus outside China
Crude oil futures continued their plunge to their lowest levels in over a year on Thursday due to the rapid spread of the new coronavirus epidemic outside China.
read more... 28/02/2020