Nymex Friday News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Producers will need to increase output to keep up with demand recovery, the International Energy Agency said on Friday.

Oil prices decline, with U.S. prices losing more than 3% for the week MarketWatch 3 hrs ago FUTURES MOVERS Oil futures ended lower Friday, with concerns about growing supply and weakening appetite for energy, as global cases of COVID rise in Europe, Brazil and India in particular, prompting prices to post a loss for the week. Popular Searches “When infections rise in such populous countries such as India and Brazil, that can only mean more trouble for oil demand as to counter the infection surge, restrictions will limit road fuel consumption,” said Louise Dickson, oil markets analyst a...

WTI, Brent oil settle at highest levels since 2019 after OPEC+ decision MarketWatch 3/5/2021 FUTURES MOVERS U.S. and global benchmark crude-oil prices log their highest settlements since 2019 on Friday, up more than 7% for the week, a day after the Organization of the Petroleum Exporting Countries and its allies, in a surprise move, said they would rollover current production cuts to the end of April. Popular Searches Saudi Arabia also extended its voluntary output cut of one million barrels per day, which was due to expire at the end of March, through the month of April, though Russia and ...