Oil

Oil prices went down during Friday trading

Prices for benchmark crude oil went down during trading, while since the beginning of this week they have added more than 6%. The cost of June futures for Brent oil on the London stock exchange ICE Futures by 14:35 Moscow time was $ 66.89 per barrel, which is $ 0.05 (0.07%) below the price at the close of the previous session. The price of futures for WTI crude oil for May in electronic trading…
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Oil

Oil declines slightly at the beginning of the week

Oil prices are falling after the highest jump since the beginning of March following the results of the last week. Over the past week, Brent rose 6.1%, WTI – 6.4%, according to the Dow Jones. The price of Brent in trading on Friday rose above $ 67 per barrel…
Oil

Oil declines, but holds near its high in a month

Prices for benchmark crude oil declined during trading during the day on the background of profit-taking, but remain close to the maximum level since mid-March, to which they jumped the day before. The cost of June futures for Brent oil on the London stock exchange ICE…
Oil

Oil continues to rise in price, Brent exceeded $ 67.3 per barrel

Black gold continues to rise in price amid growing optimism of traders regarding the prospects for energy demand. The market was supported by strong statistics on the US economy, published yesterday: the number of new applications for unemployment benefits in the United States fell to a minimum since the beginning of the pandemic, the pace of retail sales in March was the highest since May last…
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Oil

Oil sped up growth on expectations of increased global demand

Benchmark oil prices accelerated the day on the back of improved forecasts for global fuel demand. The cost of June futures for Brent oil on the London stock exchange ICE Futures by 14:11 Moscow time amounted to $ 64.72 per barrel, which is $ 1.05 (1.65%) higher than the…
Oil

Oil prices are moderately cheaper today

Today oil prices are slightly declining amid profit-taking after they reached their highest level since mid-March the day before. The cost of June futures for Brent oil on the London stock exchange ICE Futures by 8:24 Moscow time was $ 66.50 per barrel, which is $ 0.08…
Oil

OPEC countries increase production by 200 thousand bpd in March

OPEC countries in March increased production by 200 thousand barrels per day compared to February – up to 25.04 million bpd, the main driver was oil production in Iran, which is under US oil sanctions. As stated in the monthly OPEC report, in March Iran increased production by 137 thousand bpd – up to 2.3 million bpd. Libya, which is not part of the OPEC + oil production limitation…
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Oil

Oil prices rise by 0.8%

Benchmark oil prices continued to rise on Tuesday on data on the growth of oil imports to China. The market is also supported by the improved forecast for oil demand by OPEC. According to a new cartel report, OPEC now expects oil consumption to grow by 5.95 million bpd in…
Oil

Black gold continues to rise in price on Wednesday

Oil prices are growing on data from the American Petroleum Institute (API) on the decline in US inventories. According to API estimates, oil reserves in the country for the week ended April 9 fell by 3.61 million barrels. A week earlier, the decline was 2.62 million…
Oil

The number of oil and gas installations in the world decreased in March

The number of operating oil and gas rigs in the world declined in March after a four-month increase, according to data from the American oilfield services company Baker Hughes. On average, 1231 installations worked in the world last month against 1270 in February. At the same time, the March level is 733 less than the indicator for the same month last year. In the US, the number of rigs in…
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