Oil Prices Jumped $1 As Recent Sharp Falls Draw Investors
Tuesday, 17 March 2020 09:52 WIB |
Oil prices rose more than $1 on Tuesday as the recent sharp falls due to the coronavirus pandemic encouraged bargain hunters to come forward, although the market remains volatile as the spread of the infection disrupts economies and hurts demand.
Brent crude (LCOc1) was up by 1.5%, or 46 cents, to $30.51 a barrel by 02:06 GMT, after hitting a high of $31.25.
U.S. West Texas Intermediate (WTI) crude (CLc1) rose 3.2%, or 92 cents, to $29.62, having come off a high of $30.21.
Source : Reuters
Friday, 29 May 2020 14:19 WIB
Oil prices edged lower on Friday, set to post their first weekly fall in five weeks, after U.S. inventory data showed lacklustre fuel demand in the world™s largest oil consumer while worsening U.S.-China tensions weighed on global financial markets.
Brent crude slipped 43 cents, or 1.2%, to $34.8...
Friday, 29 May 2020 08:38 WIB
Oil prices edged lower on Friday after U.S. inventory data showed lacklustre fuel demand in the world™s largest oil consumer while worsening U.S.-China tensions weighed on global financial markets.
Brent crude LCOc1 slipped 36 cents, or 1%, to $34.93 a barrel by 0106 GMT and U.S. West Texas Inter...
Thursday, 28 May 2020 08:33 WIB
Oil prices fell in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recovery in demand from coronavirus lockdowns.
The decline extended losses from Wednesday on uncertainty about Russia™s commitment to deep oil p...
Wednesday, 27 May 2020 11:54 WIB
Oil prices fell on Wednesday on revived concerns over how quickly fuel demand will recover even as coronavirus lockdowns begin to ease in many countries, while U.S.-China tensions added to negative sentiment.
Brent crude futures fell 21 cents, or 0.6%, to $35.96 by 0120 GMT. U.S. West Texas Interme...
Wednesday, 27 May 2020 08:02 WIB
Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling coronavirus cases, with U.S.-China tensions adding to pressure.
Brent crude LCOc1 futures fell 40 cents, or 0.7%, to $35.77 by 0009 GMT, after falling 1.8% on Tue...