Oil prices fell on Wednesday, weighed by concerns over demand as crude reserves rose unexpectedly in the US. Consequently, Brent oil price dropped by 2.8% to $70.38 a barrel and WTI crude plunged by 3.4% to $68.15 a barrel.
read more... 05/08/2021
Crude oil prices strengthened slightly on Friday, supported by positive data on demand for black gold from the US Energy Information Agency (EIA). Hence, Brent oil edged 0.4% higher at $76.33 a barrel and WTI crude gained 0.5% to $73.95 a barrel.
read more... 02/08/2021
Crude oil futures diverged to trade rather flat on Monday amid mixed signals. Forecasts that crude supply will be tight the rest of the year provide little support, while the spread of the COVID-19 Delta variant stoked fears about fuel demand, limiting gains. Hence, Brent crude rose by 0.5% to settle at $74.50 a barrel, while U.S. WTI crude lost 0.2% to close at $ 71.91 a barrel.
read more... 27/07/2021
Crude oil prices ended lower on Wednesday, following reports of weaker demand and prospects of increased black gold supply from OPEC+ members. Losses, however, were limited by a further drop in US crude reserves. Brent oil fell by 2.3% to $74.76 a barrel and WTI oil declined by 2.8% to $73.13 a barrel.
read more... 15/07/2021
Oil prices fell on Wednesday, amid continued concerns over failed negotiations on crude production by OPEC+ members. As such, Brent oil ended 1.5% lower at $73.43 a barrel, and WTI crude dropped by 1.6% to $72.20 a barrel.
read more... 08/07/2021