oil prices

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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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Can crude oil drop to $10?

Oil has dropped to a twenty-one-year low today. Bears are out for blood. The WTI West Texas Crude Oil dropped over 18% today and reached a low of $14.45, a price level that has surprised traders. The steep fall in price is due to the lack of …

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WTI oil price plunges to 20-year low

WTI oil price tumbled to their lowest level in more than two decades as the global demand hit from the coronavirus pandemic raised concerns the world is becoming awash with crude that it does not have enough room to store. Analysts …

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Saudi Arabia’s oil stock gambit

It's the basic successful investment rule: buy when everyone is selling and sell when everyone is buying. The rule has been proved right by many a legendary figure in the investment world. Now that they've crashed energy markets the …

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WTI oil price drops to 18-year low

West Texas Intermediate crude dropped at $19.87 per barrel on the New York Mercantile Exchange, the lowest level since Januaury 31, 2002.  Brent crude rose by 0.86% to $28.07 per barrel on the ICE Exchange in London. …

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Oil rises on forecast U.S. output drop

Oil prices rose around 1% on Tuesday after the U.S. Energy Information Administration (EIA) predicted shale output in the world's biggest crude producer would fall by a record amount in April, adding to cuts from other major producers. …

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U.S. Secretary of Energy praises new OPEC+ agreement

U.S. Secretary of Energy Dan Brouillette said that the energy sector of the United States will soon recover from the recent ‘price wars’ on global oil markets and consequences of the COVID-19 pandemic and will emerge …

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Brent and WTI prices up 4-6%

The price of futures contracts of Brent crude oil for June 2020 delivery climbed by 4.4% on London's ICE on Monday to $32.85 per barrel, according to the trading data as of 3:44 a.m. Moscow time. WTI futures are up by 6.8% to …

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OPEC+ adopts declaration on cooperation

OPEC+ had adopted a new declaration on cooperation during the online video conference to discuss the terms of a new oil output cut deal, Azerbaijan's Ministry of Energy said. The ministry said in a statement that OPEC+ had …

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OPEC+ meeting nears with resolve for deep oil cuts

OPEC and its allies are moving closer toward a historic deal to take at least 10% of global crude supply off the market as they get set for the first of two critical meetings later Thursday, with key producers Saudi Arabia and Russia signalling …

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Oil pandemic

Oil prices rose this morning on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with a coronavirus-driven collapse in global oil demand. Brent …

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