Tag: prices

BUSINESS

Oil Prices Show Mixed Results

Oil prices were mixed at the close of last week but remained on course for a fourth straight week of gains ahead of an OPEC plus meeting. Brent crude January futures rose 30 cents to $48.10 a barrel, while the more active February contract gained 37 cents to $48.16. U.S. West Texas Intermediate crude futures fell 31 cents to $45.40 […]

BUSINESS

Oil Prices Reclaim Lost Ground

Oil prices perked up last week, buoyed by both OPEC developments and Hurricane Sally. That is despite BP’s pessimistic 2020 edition of its annual outlook that suggests we have already seen peak oil demand. Oil prices reclaimed lost ground, with West Texas Intermediate topping more than $41 per barrel. Nigel Bell, Readers Bureau, Contributor Edited by Jesus Chan Do you […]

BUSINESS

Crude Oil Prices Rise

Crude oil prices continue to climb, headed toward a five-month high as U.S. producers shut most output in the Gulf of Mexico ahead of Hurricane Laura even as rising coronavirus cases in Asia and Europe capped gains. Brent futures rose 83 cents, to $45.96 a barrel, while U.S. West Texas Intermediate crude rose 83 cents, to $43.45. Both benchmarks are […]

BUSINESS

Oil Prices Dip

Oil prices moved downwards on the back of a lowered International Energy Agency 2020 oil demand forecast. The Agency forecast is dampened by travel restrictions set to stop the spread of the coronavirus. However, resilience in the equities markets and a weak dollar tempered the loss. Brent crude was down 53 cents, at $44.90 a barrel, and West Texas Intermediate […]

BUSINESS

Gold Prices Up To A Record Level

Gold prices surge to a record high of $2,000 an ounce for the first time as traders look for places to earn value amid the pandemic. Investors have moved cash into the precious metal as Covid-19 cases rise in the U.S., and more money is pumped into the global economy. Prices of other precious metals, including silver, have also risen […]

BUSINESS

Oil Prices On The Rise

U.S. oil prices reclaimed the $40 a-barrel level Friday and were trading near a three-month high as demand roars back following COVID-19 lockdowns. West Texas Intermediate crude oil, the U.S. benchmark climbed as much as 3.68 percent to $40.27 a barrel before trimming its gains. Brent crude, the international standard, rose 2.07 percent at $42.35. Readers Bureau, Contributor Edited by […]

BUSINESS

Oil Prices Up

Oil prices rally on Friday to post its best month ever as crude prices delivered gains of nearly 100% for May after rebounding from their lowest levels in history. West Texas Intermediate crude climbed up $1.78 at $35.49 per barrel, erasing early weakness in the session that pushed U.S. crude to as low as $32.26 at one point. Brent oil […]

BUSINESS

Stocks And Oil Prices Tumble

Global equity markets and government debt yields took a downward path last week amidst growing concerns about the impact of the coronavirus. This move comes against strong job growth in the U.S. economy. Stocks on Wall Street tumbled from record highs and the safe-haven Japanese yen rose as investors weighed how much the virus is likely to disrupt supply chains […]

BUSINESS

Oil Prices Down

The fall of oil prices on Friday halted an otherwise winning month for crude. West Texas Intermediate futures were down five percent, trading around $55.15 a barrel although trading volume was light. European Brent futures slipped more than 2.2 percent to $62.45 a barrel. Barbara Green, Readers Bureau, Fellow Edited by Jesus Chan Do you want to add feedback to […]

BUSINESS

Oil Prices Dip

Oil prices fell on some signs that stability could return to the Middle East. Saudi Arabia and Yemen agreed to a partial cease-fire Friday. U.S. oil prices are down 1.6% at $55.52 a barrel, while Brent Crude, the international benchmark, is down 2.1% at $61.45 a barrel. Jenny Billings, Readers Bureau, Fellow Edited by Jesus Chan Do you want to […]