oil prices

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Oil slumps to new seven-month low

Oil prices fell further today, extending recent heavy losses as deepening U.S.-China trade tensions weighed on the outlook for the global economy and energy demand. Brent crude futures were down $1.04 (1.75%) at $57.90 a barrel by …

Brent oil slips below $59

Oil prices slipped this morning as ongoing Sino-U.S. trade war sparked concerns over demand. WTI futures slipped 0.1% to $53.59 by 08:16 Moscow Time (05:16 GMT). International Brent also slipped 0.1% to $58.86. The …

Oil prices climb on short-covering after decline

Oil prices rose more than 1% this morning as traders betting on falling prices bought back contracts to lock in profits after declines over the last three sessions due to the escalating trade tensions between China and United States. …

Brent prices below $61

  Brent oil futures with delivery in October 2019 fell by 6.24% to $60.6 a barrel on the London-based ICE yesterday evening, according to trading data. Brent prices were below $60 per barrel last time on June 19 of …

 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 …