oil prices

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Oil prices rise amid hopes for fuel demand

Oil prices have edged-up on hopes that fuel demand will pick up as some countries started easing coronavirus lockdown measures that were put in place to contain the spread of the outbreak. WTI crude futures increased $0.49, or 2%, …

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Azerbaijan starts fulfilling OPEC+ deal

Azerbaijan kick-started fulfilling its obligations under the OPEC+ deal to curb oil output, according to the country's Energy Ministry. According to the ministry, the OPEC + deal obligations for OPEC members of and its allies …

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Oil prices surge over 10%

Oil prices jumped this morning, extending steep gains in the previous session on signs the U.S. crude glut is not growing as quickly as expected and that gasoline demand battered by Covid-19 restrictions is starting to pick up. WTI …

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Oil rises as storage fills up slower than expected

U.S. oil prices jumped this morning, trimming some of this week's losses after U.S. stockpiles rose less than expected and on expectations that demand will increase as some European countries and United States cities moved to ease coronavirus …

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WTI price slides back below $15

Oil dropped back below $15 a barrel as swelling global crude stockpiles made it more difficult for leading producers to balance the market by curbing output. WTI for June delivery lost $2.56 to $14.38 a barrel on the New York …

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Brent and WTI oil prices rise by 5-6%

The price of futures contract for Brent crude oil with June delivery on London’s ICE rose by 5.02% and reached $22.40 per barrel, as of 05:44 Moscow time. By 05:52 Moscow time, Brent oil was trading at $22.30 per barrel …

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Oil prices rally off multi-year lows

The price of futures contracts of Brent crude oil for June 2020 delivery gained 12.91% on London's ICE on Thursday to $23 per barrel, according to the trading data as of 8:19 am Moscow time. As of 8:30 am, the price of Brent …

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IEA makes suggestions to balance oil market

Executive director of the International Energy Agency (IEA) Fatih Birol said the recent OPEC+ supply cut was a "solid start" and urged oil producer countries to consider even deeper cuts. "We continue to see …

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Brent oil drops below $16 per barrel

The price of June 2020 Brent oil futures has dropped by 17.33% on London’s ICE, reaching $15.98 per barrel, the data as of 07:35 Moscow time informs. The price of WTI futures has dropped by 4.75%, reaching $11.02 per barrel, …

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Brent oil price down below $25 per barrel

The price of futures contracts of Brent crude oil for June 2020 delivery extended losses to 3.6% compared with the previous closure on London's ICE on Tuesday trading at $24.65 per barrel, according to the trading data as of 9:46 am Moscow …

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WTI oil up to $1.55 per barrel

The price of futures with May delivery in May went up on NYMEX to about $1.55 per barrel, as of 7:57 am Moscow time. On Monday, the price of WTI futures for May 2020 delivery dropped below zero for the first time in the U.S. history. As …

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