Oil prices fell on Friday after a warning on economic growth from the Federal Reserve, but were still set to end the week higher on positive signals from China and on the prospect of tightening supply in the coming months London-traded Brent Oil Futures, the global benchmark, fell 0.3% to $92.45 a barrel, while West […]
Read MoreOil prices were muted on Tuesday as markets weighed signs of tightening crude supply against increasing fears that a global economic slowdown will erode crude demand this year Crude markets marked a slow start to the week, retaining most of last week’s losses amid growing signs that the United States will enter a recession within […]
Read MoreOil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening COVID-19 curbs in China Brent crude futures fell 51 cents, or 0.5%, to $93.78 a barrel by 0033 GMT. U.S. West Texas Intermediate crude was at $88.66 […]
Read MoreOil prices rose slightly on Friday, but were set for a fourth straight month of losses amid growing concerns over weakening demand, with focus now turning to a potential supply cut by the OPEC next week. London-traded Brent oil futures, the global benchmark, were flat at $87.50 a barrel by 21:55 ET (01:55 GMT), while […]
Read MoreThe apparent contradiction between the real economy and financial markets has puzzled some commentators but is normal around a peak in the business cycle. U.S. economic data remains strong but a range of financial indicators point to a sharp slowdown over the next year that would dampen oil consumption and lead to lower prices. financial […]
Read MoreBy Administrator_India Capital Sands Brent Oil rose past $55 a barrel — with some assistance from a weaker dollar — even as the International Energy Agency cut its demand outlook for the rest of the year. Consumption in the first quarter of 2021 will be 600,000 barrels a day lower than previously thought, the agency said […]
Read MoreBY Administrator_India Capital Sands Oil prices slid in early trade on Monday as a fast-spreading new coronavirus strain in the United Kingdom raised concerns that tighter restrictions there and in other European countries could stall a recovery in the global economy and its need for fuel. Brent crude dropped 97 cents, or 1.9%, to $51.29 […]
Read MoreBy Administrator_India Capital Sands Oil rose for a fifth day on Thursday after a surprise fall in U.S. crude inventories gave further legs to a rally driven by optimism that vaccines will end the coronavirus pandemic and revive demand for fuels. Brent futures were up 45 cents, or 0.9%, at $49.06 a barrel by 0245 GMT, after rising […]
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