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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

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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

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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

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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

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Daily (14.02.2020): Brent up 1% on Thursday on prospects for deeper supply cuts

Crude oil futures edged higher for the third day in a row on Thursday, as the likelihood of deeper OPEC+ supply reductions offset forecasts for a declining demand due to the coronavirus spread. Brent crude for April delivery rose by 55 cents, or 1%, to settle at $56.34 a barrel on ICE London. U.S. WTI crude firmed by 25 cents, or 0.5%, to end at $51.42 a barrel on NYMEX.

read more... 14/02/2020

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