oil prices

Oil up, but COVID-19 worries linger

Oil was up Tuesday morning in Asia, but Brent oil futures and WTI futures both remaining below the $70 mark. A broader market rout, combined with the recent COVID-19 outbreaks involving the Delta strain, all raised concerns about the short-term …

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Brent price drops below $72 per barrel

The cost of a Brent oil futures contract with settlement in September 2021 on the London ICE exchange declined by 2.31%, to $71.87 per barrel, according to the trading data as of 11:27 Moscow time. By 11:44 Moscow time, the price of …

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OPEC crisis and future of Saudi-UAE alliance

The coronavirus pandemic hit the global oil industry hard. As countries imposed severe restrictions on domestic and international travel and transportation, the global oil demand drastically declined and oil prices collapsed, …

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Why Oil Prices Won’t Hit $100

A remarkable oil rally has seen oil prices climb almost 34 percent so far this year. Bullish sentiment is now driving speculation of $100 oil in 2021 as collective confidence of a rebound in global economic activity gains momentum. However, there …

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Is there oil price war coming again?

Energy prices are hovering above the $75 level after OPEC and its allies could not reach a key deal on their oil output policy last week, amid rising tensions between Saudi Arabia and the UAE. Crude prices are seeing some volatility …

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U.S. crude oil prices top $75 a barrel

Oil prices broke above $75 a barrel on Thursday to a near three-year-high ahead of a decision from key producers on production policy for the second half of 2021. U.S. West Texas Intermediate crude for August rose 3.2%, or …

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Oil prices nudge higher before OPEC+ meet

Oil prices edged higher on Thursday, supported by lower U.S. inventories, as investors waited for a decision from key producers on whether they would maintain or ease supply cuts in the second half of the year. Brent crude for September …

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Oil Prices Could Peak to $100 in 2022, Experts Warn

According to Bank of America Corp (NYSE:BAC)'s analyst Francisco Blanch, oil prices could peak to $100 next year if the high demand continues. The limited supply and ineffectiveness of shale in the U.S. have sent oil to the highest since …

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Brent crude oil price exceeds $75 per barrel

The price of futures contracts of Brent crude oil for August 2021 delivery went up by 0.16% on London's ICE on Friday to $75.02 per barrel, exceeding $75 per barrel for the first time since April 2019, according to the trading data as of 4:20 …

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Oil rises as demand outlook improves

Oil prices gained on Wednesday, with Brent rising for a fifth consecutive session as sentiment rose on the back of falling inventories and a recovery in demand after the pandemic. Brent crude was up 47 cents, or 0.6%, at $74.46 a barrel …

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Azerbaijani oil price exceeds $75

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil, produced at the Azeri-Chirag-​Deepwater Gunashli (ACG) field, rose $0,57 to trade at $75,18. …

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Oil gains as risk of Iran supply resumption recedes

Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with …

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