Global crude oil prices stabilize as it clears Russian troops will not disrupt oil supplies

February 23, 2022 4:51 PM

Global crude oil prices stabilize as it clears Russian troops will not disrupt oil supplies

Global crude oil prices stabilized, today, as it became clear the first wave of US and European sanctions on Russia for sending troops into eastern Ukraine would not disrupt oil supplies. At the same time, the potential return of more Iranian crude to the market, with Tehran and world powers close to reviving a nuclear agreement, also kept a lid on prices. So, the Brent crude futures gained 11 cents, to trade at 96.95 dollars a barrel. US crude futures moved up 6 cents, to 91.95 dollars a barrel...

Oil prices fall as COVID-19 infections surge, US debate looms

September 29, 2020 6:46 PM

Oil prices fall as COVID-19 infections surge, US debate looms

Oil prices today fell as Europe and the United States grappled with a surge in new coronavirus infections and investors were cautious ahead of the first U.S. presidential debate. In intra-day trade, Brent crude prices were trading around 42 dollars and 20 cents per barrel while WTI crude prices were around 40 dollars and 30 cents per barrel.

Oil prices rise for 3rd consecutive day

September 2, 2020 9:36 PM

Oil prices rise for 3rd consecutive day

Oil prices today rose for the third day in a row, supported by hopes of a recovery from the Coronavirus pandemic and fall in US inventories.   In intra-day trade, Brent crude prices were trading around USD 45.80 per barrel while WTI crude prices were around USD 42.90 per barrel.

Oil prices remain steady as US stimulus hopes offset worries over Covid-19

July 28, 2020 6:13 PM

Oil prices remain steady as US stimulus hopes offset worries over Covid-19

Oil prices today remained steady, with demand worries due to a rise in coronavirus cases worldwide undermining the support coming from hopes of additional U.S. stimulus measures. In intra-day trade, Brent crude prices were trading around 43 dollars and 50 cents per barrel while WTI crude prices were around 41 dollars and 40 cents per barrel.

Oil hits one-month high as demand shows signs of picking up

May 15, 2020 9:55 PM

Oil hits one-month high as demand shows signs of picking up

Oil prices today gained, touching more than one-month highs amid signs that demand for crude was picking up.       In intra-day trade, Brent crude prices, were trading at 31 dollars and 70 cents per barrel while WTI crude prices were at 28 dollars and 10 cents per barrel.

Oil prices surge more than 6% in Asian trade day after crash, following heavy losses

March 10, 2020 11:29 AM

Oil prices surge more than 6% in Asian trade day after crash, following heavy losses

Oil prices surged more than six percent in Asian trade today following heavy losses a day earlier after top exporter Saudi Arabia began a price war with Russia. West Texas Intermediate was trading up 6.1 percent at more than 33 US dollar a barrel while Brent crude advanced 6.6 percent to over 36 US dollar a barrel. Prices had plunged by almost a third yesterday, the biggest drop since the 1991 Gulf War after Riyadh drove through massive price cuts in a bid to win market share. That came after Ru...