Tag: BRENT

Oil slides on China virus curbs and climate warning

Oil prices fell by 4%, extending last week’s steep losses on the back of a rising US dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand

Virus variant threatens to cool oil demand recovery

Oil prices will trade near $70 per barrel for the rest of the year supported by the global economic recovery and a slower-than-expected return of Iranian supplies, with further gains limited by new coronavirus variants, a Reuters poll showed

Goldman says crude oil output path uncertain as OPEC+ talks cease

Goldman Sachs said the collapse of OPEC+’s oil output talks had introduced uncertainty into the prospects for output, but maintained its view that Brent crude would be around $80 a barrel this summer

Oil prices accelerate rise as OPEC+ calls off output talks

Oil prices rose, driven higher after OPEC+ nations called off talks on output levels, meaning no deal to boost production has been agreed

Oil slips after hitting highest since 2018 before OPEC+ talks

Oil prices slipped after hitting more than 2-1/2 year highs earlier in the session, as a spike in COVID-19 cases in Asia put a brake on rally before this week’s OPEC+ meeting

Oil prices rebound after knock from U.S. driving season data

Oil prices rose a day after slipping on data indicating weak U.S. driving season fuel demand as investors eyed upcoming U.S. economic data

Oil steady after sharp rise on improved demand picture

Oil prices were little changed after strong gains in the previous two sessions on expectations for surging fuel demand later this year while major producers maintain supply discipline

Oil extends gains on OPEC+ supply discipline and demand prospects

Oil rose, supported by an OPEC+ decision to stick to its plan to restore supply to the market gradually and by the slow pace of nuclear talks between Iran and the United States

Oil prices gain 1%, boosted by US economic data

Oil prices rose 1%, bolstered by strong U.S. economic data that offset investors’ concerns about the potential for a rise in Iranian supplies

Oil prices rise but India coronavirus cases weigh

Brent crude oil futures were up 66 cents, or 1%, at $67.71 a barrel by 0957 GMT and West Texas Intermediate (WTI) crude was up 63 cents, or 1%, at $64.45