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Daily (06.04.2019): Brent crude jumped by nearly 14% on Friday, on hopes for new output cuts by world oil leaders
Crude oil prices rebounded on Friday, marking the first weekly rise in more than a month, after OPEC leader, Saudi Arabia, announced the willingness to have an emergency meeting to potentially cut oil supplies and solve the oil price war. Consequently, Brent crude for June delivery traded 13.9% higher at $34.11 a barrel. Similarly, WTI futures spiked by 11.9% to $28.34 a barrel.
read more... 06/04/2020
Daily (01.04.2020): WTI crude rebounded by about 2% on Tuesday, but outlook remains gloomy
Oil futures evolved differently on Tuesday, with Brent crude edging lower at $22.74 a barrel, but showed some signs of improvement in early trading after U.S. President Donald Trump and its Russian counterpart Vladimir Putin agreed to talks on stabilizing energy markets. Meanwhile, U.S. WTI crude rose by 1.9% to settle at 20.48 a barrel.
read more... 01/04/2020
Daily (25.03.2020): Oil rebounds on Tuesday on hopes for a recovery in the U.S. economy
Crude oil futures bounced on Tuesday on hopes that the U.S. unprecedented stimulus package would prop up the coronavirus-battered economy. Consequently, Brent crude for May delivery rose by 12 cents, or 0.4% to settle at $27.15 a barrel.At the same time, the U.S. WTI crude soared by 2.8% to $24.01 a barrel.
read more... 25/03/2020
Daily (20.03.2020): Oil prices regained ground on Thursday after significant declines, supported by stimulus measures
Crude oil futures rebounded on Thursday, buoyed by supportive measures from centrals banks and governments to combat the economic fallout from the coronavirus pandemic .Moreover, Trump administration reportedly said it may intervene in the oil-price war between Saudi Arabia and Russia. However, analysts consider the climb more symbolic, rather than a clear signal that prices are ready for a sustained rebound.
read more... 20/03/2020
Daily (11.03.2020): Oil, stuck between coronavirus and price war, sharply recovered on Tuesday as Russia is open to renew cooperation with OPEC
Crude oil futures rebounded on Tuesday after having hit the worst session since 1991the previous day as ongoing talks between OPEC and Moscow remain possible.
read more... 11/03/2020