Brent

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Brent crude jumps over $43 per barrel

Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in May. Brent crude was up 51 cents, or 1.2%, at $42.81 per …

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Brent oil surpasses $40 per barrel

Oil rose on Wednesday, with Brent above $40 for the first time since March, as optimism mounted that major producers will extend output cuts and a recovery from the coronavirus pandemic will spur fuel demand. Brent crude futures …

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Oil prices climb

Oil prices rose on Tuesday, supported by growing confidence in the market that producers will come good on commitments to cut crude supply while demand picks up with more cars back on the road as coronavirus lockdowns eased around the world. …

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Oil prices slightly increased

Oil prices rose slightly after they eased on concerns over rising tensions between the United States and China. WTI crude futures increased 0.78%, to $33.51 a barrel, at 08:31 MSK, while Brent crude futures were up by $0.26 on …

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Brent oil futures drop by 5-6%

Oil prices slumped this morning, with the price of July Brent oil futures falling by 5.88% to $33.94 a barrel on London’s ICE as of 06:47 Moscow time. Brent price has dropped by 6.99%, reaching $33.54 per barrel, the data as …

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Saudi Arabia to restart price war with Russia?

The price war between Saudi Arabia and Russia on the global oil market may start again when prices return to the level of $50-55 a barrel, Department Director of S&P Global Ratings in Russia Alexander Gryaznov said. "Some kind …

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Oil gains for fourth day

Oil prices rose for a fourth straight session on Tuesday amid signs that producers are cutting output as promised just as demand picks up, stoked by more countries easing out of curbs imposed to counter the coronavirus pandemic. …

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Brent oil price recovers

Oil prices climbed by more than $1 a barrel on Monday to their highest in more than a month, supported by ongoing output cuts and signs of gradual recovery in fuel demand as more countries ease curbs imposed to stop the coronavirus pandemic …

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Oil prices up for third week

Global oil prices showed gains on Friday with a fall in U.S. stocks after 15 successive weeks of increases and on concerns over a second wave of COVID-19. International benchmark Brent crude was trading at $31.95 per barrel at 6.45 …

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Oil prices rise on U.S. stockpile drop

Oil prices climbed on Thursday following an unexpected drop in U.S. crude stocks, but gains were capped by a bleak outlook for the world’s No. 1 economy as the coronavirus pandemic crushes fuel demand, and concern over a potential second …

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Oil prices up with Saudis due to make deeper output cut

Oil prices were up on Tuesday as Saudi Arabia is planning to make deeper cuts in its crude production level to support prices. International benchmark Brent crude was trading at $29.88 per barrel at 0647 GMT for a 0.84% increase after …

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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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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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