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Daily (06.03.2020): Brent crude below $50 a barrel on Thursday as non-OPEC producers not yet ready to further cut output
Crude oil futures continued to decline on Thursday as worries about global oil demand and slower economic growth caused by the coronavirus outbreak were heightened by concerns that non-OPEC crude producers haven’t yet agreed to further reduce output in order to support prices.
read more... 06/03/2020
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 (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 (26.02.2020): Oil prices at their lowest level in two weeks as the coronavirus outbreak hits demand expectations
Crude oil futures fell sharply on Tuesday, under pressure of the accelerating spread of the coronavirus outside China, which overshadowed OPEC output reductions and supply disruptions in Libya.
read more... 26/02/2020
Daily (17.02.2020): Oil posts the first weekly gain since early January on potential OPEC further output cuts
Crude oil futures rebounded on Friday amid easing concerns over the impact of the lethal coronavirus outbreak on the global energy demand. Meanwhile, prices got some support from signals that OPEC and its allies may intervene to prop up the market.
read more... 17/02/2020