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Daily (14.08.2019): Crude oil prices soared by nearly 5% on Tuesday, bolstered by the U.S. tariff delay on Chinese products
The U.S. announcement on Tuesday about the 10% tariff delay for certain Chinese products spurred the biggest daily percentage gain in crude oil prices since December. Prices were also boosted by an expected decline in the U.S. crude inventories and Saudi Arabia’s firm intention to support OPEC-led supply cuts. Against that bullish background, Brent crude spiked by 4.7% to $61.30 a barrel, while WTI futures surged by 4% to $57.10 a barrel.
read more... 14/08/2019
Belarus and Russia authorize 3.7% increase in oil transportation tariff as from 1 September
Belarus and Russia have come to an agreement on raising the tariff on transporting oil across the Belarusian territory by 3.7% as from 1 September, the press service of the Belarusian state petrochemical concern Belneftekhim told BelTa after negotiations on 6 August.
read more... 09/08/2019
Daily (06.08.2019): Brent crude declined by 3.4% on Monday, due to trade war concerns between China and U.S.
Crude oil prices extended losses on Monday, after U.S. President Donald Trump threatened to impose more tariffs on China, which could dent crude demand. As a result, Brent crude traded 3.4% lower at $59.81 a barrel, while WTI futures dropped by 1.7% to $56.78 a barrel.
read more... 06/08/2019
Daily (05.08.2019): WTI futures jumped by 3.2% on Friday, as the market digests Donald Trump’s intention to raise tariffs on Chinese goods.
Crude oil prices reversed trend adding gains on Friday, after the sharpest daily drop in more than three years in previous session, as the market is still uncertain about the impact of Donald’s Trump intention to slash more tariffs on Chinese goods. As a result, Brent crude jumped by 2.3% to $61.89 a barrel, while WTI futures climbed by 3.2% to $55.66 a barrel.
read more... 05/08/2019
Daily (02.08.2019): Oil prices plunged by over 7% on Thursday, as Donald Trump announced an extra 10% tariff on Chinese goods
Crude oil prices plummeted on Thursday to its lowest levels in about seven weeks, as U.S. President Donald Trump plans to implement an additional 10% tariff on Chinese imports from the September 1 of this year. Consequently, Brent crude traded 7.2% lower at $60.50 a barrel, while WTI futures declined by 7.9% to $53.95 a barrel.
read more... 02/08/2019