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westtexasintermediate

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Oil prices hit one-month high as demand shows recovery

Oil prices hit one-month high as demand shows recovery

Oil prices hit more than one-month highs on Friday after gaining over 3% amid signs of demand recovery. Brent crude rose 3.9%, or $1.21, at $32.34 per barrel, gaining 3% for the week. U.S. West Texas

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coinstore

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Oil falls due to oversupply, fears of second coronavirus wave

Oil falls due to oversupply, fears of second coronavirus wave

Oil prices dropped on Monday due to oversupply and a gloomy economic outlook caused by the coronavirus pandemic. This prompted some of the world s top producers to cancel their supply cuts. Brent

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coinstore

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Oil prices plunge, demand falls amid lack of storage

Oil prices plunge, demand falls amid lack of storage

Oil prices plunged on Tuesday amid concerns of rapidly filling crude storages globally. On top of that, demand may only recover once restrictions on economic and social activity will be lifted. U.S. West

coinstore

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Oil, markets recover from slump over coronavirus spread

Oil, markets recover from slump over coronavirus spread

Oil prices gained following rebound in other financial markets as investors steady after a sharp sell-off on Monday. Fears on the effect of the virus outbreak on oil demand caused crude oil to drop to