Crude oil prices strengthened on Friday, supported by growing demand, as a result of the recovery from the pandemic, and limited supply of black gold. As such, Brent oil gained 1% at $84.86 a barrel and WTI crude rose by 1.2% to $82.28 a barrel.
read more... 18/10/2021
Crude oil prices rebounded sharply on Thursday, supported by recent data showing a sharp drop in U.S. crude inventories and hopes about global economic growth despite the coronavirus pandemic. Hence, Brent crude increased by $1.44 or 2%, to settle at $73.03 a barrel, notching its first gain in three sessions. U.S. WTI crude rose by $1.40, or 2%, to settle at $69.99 a barrel, the highest settlement since Aug 3.
read more... 03/09/2021
Oil prices were slightly bullish on Monday, as Hurricane Ida forced several energy companies to begin shutting down production. Nevertheless, worries about pandemic’s impact on demand reduced gains. Consequently, Brent crude increased merely by 1% to $73.41 a barrel.
read more... 31/08/2021
Crude oil prices decreased on Friday, weighed by a stronger US dollar and concerns over demand for black gold amid the spreading pandemic. Brent oil fell by 1.9% to $65.18 a barrel and WTI crude slumped by 2.4% to $62.14 a barrel.
read more... 23/08/2021
Crude oil prices extended losses on Friday, on lowered forecasts for global oil demand from the IEA, due to the progression of the pandemic this year. Hence, Brent oil lost 1% at $70.59 a barrel and WTI crude fell by 0.9% to $68.44 a barrel.
read more... 16/08/2021