oil prices

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 Novak hopes for good demand for oil in 2020

Russian Energy Minister Alexander Novak said that improving U.S.-China trade relations may mean that global oil demand will not contract. "I think that the market will have enough supply, while demand …

Nine-month extension of oil output cut deal agreed

OPEC + countries voted in favor of joining the OPEC decision to extend the oil output cut deal for nine months while maintaining the quota of the old agreement. "Thank you very much; I believe that we have now joined the decision …

WTI oil rallies above $60 per barrel

The WTI oil price jumped back above $60 per barrel today after OPEC kingpin Saudi Arabia and non-cartel producer Russia said they would extend caps on crude output. WTI, the New York benchmark, rallied to $60.13 per barrel around …

Brent oil climbs to $66.1

Oil prices rose to a four-week high this morning after industry data showed a big drop in U.S. crude stockpiles and amid escalating tensions between Washington and Tehran. Brent crude futures rose to $66.1 per barrel at 07:25 MSK, up …

 Oil prices slip, but still propelled to gain for week

Oil prices reversed earlier gains this morning but benchmark Brent crude was still set for its first weekly gain in five weeks amid rising tensions in the Middle East and on hopes for a drop in U.S. interest rates that may stimulate global …

Dollar sets new anti-record of 2019

The dollar exchange rate dropped to 63.31 rubles during the today's trading on the Moscow stock exchange. Yesterday the dollar was worth 63.91 rubles. Oil jumped more than 3% to above $63 a barrel today after Iran …