U.K. Gross Domestic Product (GDP) YoY WHEN: WHAT IT INFLUENCES: 11 th NOVEMBER 2021 GBP and its subsequent pairs WHAT’S HAPPENING: The Manufacturing Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below 50...
Brent Oil was trading 0.25% up at $79.46. Brent Crude was up 15 cents or 0.2% at $79.43 per barrel by 1215 GMT. It rose 1.5% last week, its fourth weekly gain in a row. U.S. oil rose 6 cents or 0.1% to $75.94, after gaining for the past...
Brent Oil was trading 0.18% down at $78.16. Oil fell to around $78 a barrel on Friday on the prospect that OPEC+ producers might step up a planned increase in output to ease supply concerns, although crude remained in sight of a three-year high reached this week. The Organization...
Crude Oil WTIwas trading 0.11% up at $68.61. OPEC and its allies will likely stick to their existing policy of gradual oil output increases despite revising up the 2022 demand outlook and facing U.S. pressure to raise production more quickly, four sources said on Wednesday. The Organization of the...
Brent Oilwas trading 0.56% Up at $69.59. Oil prices steadied on Wednesday after four days of declines with investors still worried about the outlook for fuel demand as the use of rail, air and other forms of transport remained constrained amid surging COVID-19 cases worldwide. Brent Crude was up...
Brent Oilwas trading 0.22% Down at $71.26. Oil prices were steady on Thursday following two days of gains after a call from the United States, the world’s top oil consumer, for major producers to boost output reinforced supply concerns as economies ease their coronavirus restrictions. They were also boosted...
Brent Oil was trading 0.15% up at $73.81. Oil was up Tuesday morning in Asia, with prices steadying from Monday’s fall. Investors are hoping that tight supply and rising vaccination rates will offset the impact of rising global COVID-19 cases on fuel demand. Brent Oil Futuresgained 0.37% to $73.97...
Brent Crudewas trading 0.65% down at $73.90. Crude oil prices hovered near multi-year highs on Thursday buoyed by dropping U.S Crude inventories and broadly shrugging off a stronger U.S. dollar. Brent Crude Oil futures dropped 20 cents, or 0.2%, to $74.19 a barrel by 1156 GMT. They hit their...