oil prices

Strong economic data from China and the United States helped to lift oil prices on Tuesday, recouping some of the previous session’s losses, as coronavirus-led volatility continues to dominate. Brent rose 80 cents, or 1.3%, to $62.95 a…

Oil fell 1% on Monday, after a container ship that blocked the Suez Canal for nearly a week was refloated and traffic in the waterway resumed. Prices also dropped as fuel demand in Europe remained weak after countries renewed lockdowns…

Oil prices dropped for the fourth day in a row on Wednesday, with the West Texas Intermediate (WTI) crude trading around $64.80 a barrel on a gloomy demand outlook for Europe due to a slow vaccination campaign. Germany, France…

Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing output at a key meeting later in the day lent support, alongside a drop in U.S. fuel inventories. Brent…

Oil prices jumped again by 2.49 per cent yesterday, hitting a fresh 13-month peak, and surpassing the $60 high set earlier this week. Brent Crude, the international oil benchmark, traded above $62.6, while he West Texas Intermediate…

The oil price has risen to $60 per barrel in the international market as Iraq and Kazakhstan commit to the Organisation of Petroleum Exporting Countries, OPEC oil cut deal. For instance, the price of Brent, usually used to benchmark…

The world’s top oil exporter, Saudi Arabia, raised the prices of all its crude oil going to the United States and Europe in March while leaving unchanged the official selling prices of its crude to its key market in Asia. The Saudi state…

Oil prices rose to over $58. 17 per barrel on Wednesday in the international market following commitment to output cut by members of the Organisation of Petroleum Exporting Countries, OPEC, and non-members. Specifically, the price of…

Oil prices were slightly lower in subdued trade on Friday, sticking to ranges seen over the past three weeks, as investors looked for signs of changing supply and demand fundamentals especially the stalled COVID-19 vaccine rollouts and…

The ANZ analysts say that there are great signs of weaker demand for oil in the global market due to the slipped prices for a second straight session on Monday. This is as a result of the COVID-19 lockdowns which has raised fresh concerns…