Brent was trading 0.60% down at $62.77. Oil prices were little changed on Friday as investors weighed rising supplies from major producers and the impact on fuel demand from the COVID-19 pandemic. Brent Crudefutures for June edged down 2 cents to $63.18 a barrel by 0450 GMT, while U.S....
Brent was trading 0.08% down at $63.11. Oil was down Thursday morning in Asia, as U.S gasoline raised concerns about weakening demand for crude in the world’s biggest oil consumer alongside rising stockpiles. Brent Oil Futures were down 0.33% to $26.95 by 11:23 PM ET (3:23 AM GMT) and...
Brent was trading 1.72% up at $63.13. Marine traffic slowed in the Suez Canal on Tuesday as oil tanker M/T Rumford appeared to face difficulties in the south of the canal, shipping websites MarineTraffic and TankerTrackers said. A trade source said that the canal notified companies that the M/T...
Brent was trading 0.03% up at $64.67. All ships stranded by the grounding of the giant container ship Ever Given in the Suez Canal in March had passed through the canal by Saturday, ending the backlog that built up during the blockage, the canal authority said. The last 61...
Brent was trading 2.20% up at $64.12. Oil prices fell more than 2% Wednesday to close down for the day and March as traders moved cautiously ahead of a decision on production quotas by OPEC+. New York-traded West Texas Intermediate, the benchmark for U.S. crude, settled down $1.39, or...
Brent was trading 1.49% up at $1687.60. OPEC+ has lowered its 2021 oil demand growth forecast by 300,000 barrels per day reflecting concerns about the market’s recovery amid a wave of new coronavirus lockdowns, a report from its experts panel meeting seen by Reuters showed. The Joint Technical Committee,...
Brent Crude was trading 3.60% up at $64.16. Oil prices reversed a sharp sell-off a day earlier to rise about 2% on Friday on mounting fears that it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude and refined...
Brent Crude was trading 1.40% down at $63.48. Oil prices fell on Thursday as a new round of coronavirus restrictions in Europe revived worries about demand for oil products, even as tug boats struggled to move a stranded container ship blocking crude oil carriers in the Suez Canal. Brent...
Brent Crude was trading 0.05% up at $64.55. Oil prices resumed their decline on Monday, falling on renewed concerns that European coronavirus lockdowns could slow any recovery in demand for fuel products. Brent Crude was down 24 cents, or 0.4%, at $64.29 a barrel by 0945 GMT. U.S. oil...
JPMorgan (NYSE:JPM) DOWN 4.96% AT 66.71 The market for bonds that are linked to companies meeting certain environmental goals could grow 20-fold this year to between $120 billion and $150 billion, a senior JP Morgan banker said, as businesses look to tap into booming demand. COVID-19 has boosted interest...