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Oil extends gains above $90/bbl as winter storm sweeps through United States | Hellenic Shipping News Worldwide

Oil prices climbed on Friday, extending sharp gains in the previous session as frigid weather swept across large swathes of the United States, threatening to further disrupt oil supplies. Brent crude rose 42 cents, or 0.5%, to $91.53 a barrel by 0745 GMT, after rising $1.16 on Thursday. U.S. West Texas Intermediate crude rose 52 ...
United States Chiyoki Chen Edward Moya Vladimir Putin Organization Of The Petroleum Exporting Countries Citi Research

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Brent crude trims weekly gain in light trading amid omicron uncertainty

RIYADH: Brent crude declined on Friday for the first time in four days but remained on track for a weekly advance in thin trading before the Christmas holiday. Futures on the international oil benchmark declined 0.8 percent to $76.26 as of 2:10 p.m. Riyadh time, but were still about 4 percent higher in the week. US markets were closed on Friday for the holidays after WTI rose
Ar Riya Saudi Arabia United Kingdom Chiyoki Chen Alexander Novak Hiroyuki Kikukawa

Oil down as China releases fuel reserves

The black liquid declined in the Asian session as China, one of the largest oil consumers in the world, released its gasoline and diesel reserves, which eased concerns over tight global supply. Brent crude futures, the global benchmark for oil is down 0.41%, currently trading at $83.38 a barrel. This comes after gaining 6 cents […]
United States Chiyoki Chen Hiroyuki Kikukawa Baker Hughes Co Us Commodity Futures Trading Commission China National Food

Oil prices drop 3% as new COVID-19 strain causes demand worries

Oil prices drop 3% as new COVID-19 strain causes demand worries Brent crude slid $1.54, or 3.0%, to $50.72 a barrel by 0510 GMT after rising 1.5% and touching its highest since March last Friday Reuters | December 21, 2020 | Updated 15:54 IST U.S. West Texas Intermediate (WTI) crude was down $1.42, or 2.9% Oil prices dropped about 3% on Monday as a fast-spreading new coronavirus strain that has shut down much of the United Kingdom fuelled worries over a slower recovery in fuel demand amid tigh...
United Kingdom United States Harsh Vardhan Chiyoki Chen Alexander Novak Kazuhiko Saito

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