Text size Frederic J. Brown / AFP via Getty Images After a few shaky days, oil prices rose on Wednesday after a surprising result at an OPEC meeting and better-than-expected government data from the US. Brent crude, the global benchmark, set 2.1% higher at $ 43.79 on Tuesday, while West …
Read More »Exclusive: United States screws the maritime industry to cut Venezuela’s oil
LONDON / WASHINGTON (Reuters) – Several companies that certify that ships are in a position to sail and ship insurers have withdrawn services to oil tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the Latin American country. FILE PHOTO: …
Read More »OPEC meeting worries oil investors
Text size Joe Klamar / AFP via Getty Images OPEC + and its allies may be ready to start pumping more crude, and that prospect is sending shivers through the oil markets. Oil prices fell on Monday. Brent crude futures, the global benchmark, fell 1% to $ 42.80 a barrel …
Read More »Oil mixed in tighter supply, increase in US virus cases.
LONDON (Reuters) – Oil prices mixed on Monday, with Brent crude rising, backed by tighter supplies and positive economic data, while US benchmark WTI futures fell on concerns that a Increase in coronavirus cases could curb demand for fuel in the United States. FILE PHOTO: The sun sets behind a …
Read More »Oil rise due to tighter supply, positive data expectations
LONDON (Reuters) – Oil prices rose on Monday, backed by tighter supplies and a series of data expected to show an economic recovery worldwide and despite an increase in coronavirus cases in the United States and other countries. FILE PHOTO: The sun sets behind a crude oil pump jack on …
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