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Bank of America expects Brent crude to hit $120 a barrel by the end of June 2022, according to Bloomberg. A global energy crisis has sent prices for gas and coal soaring around the world, and this has turbocharged the recovery in …
Oil prices extended pre-weekend gains on Monday to hit multi-year highs, lifted by tight global supply and strengthening fuel demand in the United States and beyond as economies recover from pandemic-induced slumps. Brent crude futures …
Oil prices hit their highest level in years on Monday as demand recovers from the COVID-19 pandemic, boosted by more custom from power generators turning away from expensive gas and coal to fuel oil and diesel. Brent crude oil futures …
The cost of a Brent crude oil futures contract for December 2021 delivery on the London ICE exchange went up by 1.23% and reached $ 85.03 per barrel, according to data from the trading floor at 10:50 Moscow time on Friday. The last time …
Oil prices climbed on Thursday, reversing previous losses, as a bigger-than-expected draw in U.S. gasoline and distillate stocks prompted buying. The uptick was also supported by expectations that soaring natural gas prices as winter …
Oil prices were down Wednesday on concerns that rising commodity prices would spur global inflation and a potential fall in oil demand. International benchmark Brent traded at $83.31 a barrel at 10:28 GMT for a 0.13% loss after ending …
Oil prices dropped on Thursday after record-high price rallies as an unexpected build in US crude oil inventories signaled declining demand in the world’s largest oil-consuming country. International benchmark Brent crude was …
Oil futures moved higher Tuesday, with the U.S. benchmark extending a rise that saw it close at a nearly seven-year high the previous session after the OPEC and its allies decided not to accelerate its plan for gradually relaxing production …
Brent crude oil futures stuck near three-year highs on Tuesday, with U.S. benchmark crude close to 2014 peaks, after the OPEC+ supplier group decided to stick to a gradual output increase plan rather than fully opening the taps. Brent …
U.S. crude oil, gasoline and distillate inventories rose last week as the production rebounded from recent storms, the Energy Information Administration said on Wednesday. Crude inventories rose by 4.6 million barrels in the week …
The price of Brent crude oil jumped Tuesday above $80 for the first time in almost three years on expectations for surging demand and concerns about supplies as the world slowly emerges from the pandemic crisis. Brent crude futures …
Asian shares got off to a cautious start on Monday as a jump in oil prices to three-year highs could inflame inflation fears and aggravate the recent hawkish turn by some major central banks. Oil pushed past its July peaks as global …
Oil prices rose on Tuesday, extending sharp gains on a bullish demand outlook as Mexico suffered a big production outage and U.S. regulators issued their first full approval for a COVID-19 vaccine. Brent crude oil futures were up $1.09, …
Oil prices rose on Tuesday, extending sharp gains on a bullish demand outlook as Mexico suffered a big production outage and U.S. regulators issued their first full approval for a COVID-19 vaccine. Brent crude oil futures were up 83 …
Oil prices were down for a seventh straight session on Friday near three-month lows and heading for a weekly loss of over 6% as new lockdowns in countries facing surging cases of the COVID-19 Delta variant dampened the outlook for fuel …
Oil dropped to $66 a barrel on Thursday, its lowest since May, pressured by concerns about weaker demand as COVID-19 cases rise, a stronger U.S. dollar and a surprise increase in U.S. gasoline inventories. Circulation of the Delta …
Crude oil prices rose on Wednesday due to expectations of a weekly decline in U.S. crude stocks, but fears that growing coronavirus infections could stifle demand. Brent crude was up 47 cents or 0.68% at $69.5 a barrel by 08:05 GMT. …
The price of futures contracts of Brent crude oil for October 2021 delivery was down by 4.02% on London's ICE on Monday at $67.86 per barrel, diving below $68 per barrel for the first time since July 20, 2021, according to the trading …
Oil prices fell on Thursday wiping out early gains as more countries imposed movement restrictions amid a surge in coronavirus cases and as the U.S. dollar firmed, though tension in the Middle East kept prices from falling further. …
Oil was up Tuesday morning in Asia, but Brent oil futures and WTI futures both remaining below the $70 mark. A broader market rout, combined with the recent COVID-19 outbreaks involving the Delta strain, all raised concerns about the short-term …
