Oil nearing $70; falls 2% after Covid keeps surging in India and Southeast Asia
Oil prices were nearing $70 per barrel, before they fell for a second day in a row this Wednesday; as coronavirus cases in India and...
Tag : oil prices
Oil settles down but maintains bullish sentiment of recovery
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Oil prices settled down slightly this Friday, but maintains a bullish sentiment of recovery, as China and the United States strong economic performance offset concerns...
Oil prices drop after container ship blocking the Suez Canal refloats
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This Monday, oil prices fell as the giant container ship Ever Given that blocked the Suez Canal for almost a week was refloated. Therefore, Brent...
Oil rises amid freezing weather and U.S. production drop
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Oil prices rose this Wednesday as the freezing wave in Texas curtailed oil production in the nation’s biggest oil producing state; reports by Saudi Arabia’s...
Oil near $60 a barrel; on highest point in a year
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Crude oil prices reached their highest point in a year, and closed near to $60 a barrel supported by hopes of economic growth and the...
Oil gains as U.S. crude inventories are massively drawn
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Oil prices were up this Wednesday as U.S. crude inventories presented a missive drawdown, in contrast with expert’s expectancy of a buildup; still the rapid...
Oil falls as China reports new Covid cases; U.S. oil inventories jump
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Oil prices were hit by worries of China reporting new covid-19 cases, as it might slow down oil demand in the world’s biggest oil importer....
EIA forecasts crude oil prices at $53 through 2022
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The Energy Information Administration forecasts crude oil prices for 2021 and 2022 at an average of $53 dollars per barrel; as demand for oil will...
Oil falls on renewed Covid-19 concerns but remains above $50
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Prices of crude oil suffered a significant drop this Monday, as the new strains of the covid-19 disease, detected in Japan, Italy, Mexico and other...
U.S. gasoline prices drop to multiyear lows in 2020: EIA
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During the last year, the U.S. gasoline prices dropped to multiyear lows of $2,17 per gallon, this is equivalent to 44 cents lower than in...