By 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 […]
Read MoreBy Administrator_ India Capital Sands The outlook for oil “remains fragile” as the pandemic depresses demand, and OPEC’s plans to increase supply next year will leave global markets precariously balanced, the International Energy Agency said. “There is a risk that the demand recovery is stalled by the recent increase in Covid-19 cases in many countries,” the IEA said in its monthly […]
Read MoreBy Administrator_India Capital Sands Brent oil futures rose 0.61% to $46.09 by 12:17 AM ET (5:17 AM GMT) and WTI futures were up 0.40% to $43.14. Oil was up on Monday morning in Asia, with global stimulus measures continuing to support prices but with gains capped over creeping fears of an oversupply. Hurricane Laura, which struck the Gulf […]
Read MoreBy Administrator_India Capital Sands Oil prices settled higher on Monday, as OPEC+ producers almost fully complied in July with their global production cut accord, and after U.S. officials said China is in compliance with the first phase of the two nations’ trade deal. Brent crude settled up 57 cents, or 1.3%, to $45.87 a barrel, and […]
Read MoreBy Administrator_India Capital Sands Oil was down on Wednesday morning in Asia, giving up some of its gains from the previous session. Brent oil futures were down 0.12% to $40.65 by 9:45 PM ET (2:45 AM GMT), giving up its earlier gains. WTI futures slid 1.54% to $38.34. Declining optimism levels over the global economic recovery from the […]
Read MoreBy Administrator_India Capital Sands Oil crept higher on Monday, but gave up big early gains as optimism over major crude producers’ deal to extend record output cuts gave way to disappointment that the accord didn’t extend beyond the end of July. Brent crude LCOc1 had climbed as high as $43.41 a barrel but by 0239 […]
Read MoreBy Administrator_India Capital Sands Oil was down on Friday, giving up its gains from the previous session over uncertainty as to whether OPEC will commit to extending future production cuts after the current cuts expire at the end of June. Brent oil futures was down 0.50% to $39.76 by 9:53 PM ET (2:53 AM GMT) and WTI […]
Read MoreBy Administrator_India Capital Sands Oil prices fell on Thursday, reversing gains in the previous session, on concerns that supply will rise if major producers are unable to agree to extend the depth of output cuts that have supported recent gains. Brent crude futures fell 1%, or 41 cents, to $39.38 a barrel as of 0157 […]
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