Oil benchmarks fell around 4% on Monday following rising concerns of increased coronavirus cases. Crude oil prices drifted lower at the later part of Asia’s trading session on Tuesday, as Tropical Storm Beta in the Gulf of Mexico weakened. What we know: Brent oil futures were down by 0.31% to $41.31 at the time this […]
U.S. West Texas Intermediate fell by 1.57%, to trade at 39.53/barrel, after gaining 4.9% yesterday. Crude oil prices dropped at Asia’s trading session on Thursday morning, after rising in the two previous sessions. The slide was attributed to growing concerns on oversupplies after it re-emerged that some oil installations around the Gulf of Mexico are
Crude oil prices drop on fears of oil glut, OPEC meets todayRead More »
Brent crude futures were down by 0.65% trading at $39.52 falling below $40 a barrel. Crude oil prices dropped below the $40/barrel at Asia’s trading session. The price slide was triggered by the surge in COVID-19 caseloads globally and the U.S dollar gaining strength. At the time this report was drafted, Brent crude futures were
Crude oil prices drop below $40/barrel, as COVID-19 caseloads approach 27.5 millionRead More »
U.S. West Texas Intermediate down 0.34% to trade at $41.34 a barrel by 8.09 GMT. Brent crude prices were also down by 0.41%, to $44.25 a barrel. Both Crude oil benchmarks dropped more than 2% with WTI sliding to its lowest. Crude oil prices dropped significantly on Thursday and fell below its multi-week lows on
Crude oil prices drop on falling US gasoline demandRead More »
Brent crude futures dropped about, or 0.75%, to trade at $45.12 a barrel by 05.37 am GMT. Crude Oil prices dropped Wednesday morning at London’s trading session. This follows growing concerns over energy demand from the world’s biggest economy, amid delayed talks on the post-COVID-19 economic stimulus package. With Crude oil traders keeping one eye
