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The cost of a Brent oil futures contract with settlement in September 2021 on the London ICE exchange declined by 2.31%, to $71.87 per barrel, according to the trading data as of 11:27 Moscow time. By 11:44 Moscow time, the price of …
Oil prices climbed on Tuesday, reversing most of the previous day's losses, as tight supply and expectations of a further draw in U.S. crude inventories provided support, although fears over the spreading COVID-19 variant capped gains. …
Global oil costs have hit their highest level since October 2018 after talks between major oil producing nations aimed at slowly lifting supplies ended in acrimony. International benchmark Brent crude and U.S. West Texas Intermediate …
Oil prices end mixed as OPEC+ struggles to reach deal on production
Oil prices edged higher on Thursday, supported by lower U.S. inventories, as investors waited for a decision from key producers on whether they would maintain or ease supply cuts in the second half of the year. Brent crude for September …
Oil prices gained for a second day on Thursday after a bigger-than-expected drawdown in U.S. crude and gasoline stocks confirmed outlook for robust fuel demand and on doubts about the future of the 2015 Iran nuclear deal that could end U.S. …
The price of futures contracts of Brent crude oil for August 2021 delivery went up by 0.16% on London's ICE on Friday to $75.02 per barrel, exceeding $75 per barrel for the first time since April 2019, according to the trading data as of 4:20 …
Oil prices gained on Wednesday, with Brent rising for a fifth consecutive session as sentiment rose on the back of falling inventories and a recovery in demand after the pandemic. Brent crude was up 47 cents, or 0.6%, at $74.46 a barrel …
Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with …
Oil steadies after hitting 2-yr high as demand hopes face supply growth
Oil prices rose for a second session on Wednesday on signs of strong fuel demand in western economies, while the prospect of Iranian supplies returning faded as the U.S. secretary of state said sanctions against Tehran were unlikely to be …
Oil prices increased on Wednesday on optimism that the markets are capable of absorbing extra barrels after major oil producers reaffirmed their decision to increase their output until July. International benchmark Brent crude was …
Oil prices rose on Tuesday, with Brent topping $70 and trading at its highest since March, as optimism grew over the fuel demand outlook during the summer driving season of the United States, the world's top oil consumer. Brent …
Oil prices climbed in early Asian trade on Monday, underpinned by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to the OPEC+ meeting this week for supply guidance. Brent crude futures for …
Iran’s oil production has been rising in recent months, likely in anticipation of a lifting of the sanctions
The price of Brent crude oil futures contract with July delivery on London’s ICE fell by 2.58% to $64.9 per barrel. By 20:57 Moscow time, it was trading at $65.2 per barrel (-2.22%). The last time the price of Brent was …
Oil prices fell for a second day on Wednesday on renewed demand concerns as coronavirus cases in Asia rise and on fears rising inflation might lead the U.S. Federal Reserve to raise interest rates, which could limit economic growth. …
Brent crude topped $70 a barrel in London for the first time since mid-March amid signs that recovering consumption has whittled away a glut of oil that built up last year at the height of the Covid-19 pandemic. Brent rose 0.9% to …
On Tuesday, on the London ICE exchange, the price of Brent crude oil exceeded $ 69 per barrel for the first time since March 15. Brent oil futures for delivery in July reached $ 69.04 (+ 2.19%), Brent futures traded at $ 68.88 per …
The price of oil could plunge to as little as $10 a barrel by 2050 if the world succeeds in electrifying the energy market and meeting Paris Agreement goals, energy research and consultancy Wood Mackenzie said in a report. The …
