Crude oil prices dropped on Tuesday after the chief cast of Moderna doubted the efficiency of the COVID-19 vaccine against the new variant of coronavirus, prompting worries about oil demand. February delivery Brent Crude oil futures last traded at...
Highlights Crude oil prices recovered on Monday. The crude oil market crashed by nearly 10% on Friday. Various countries across the globe have recorded rising cases of the new variant of coronavirus on Sunday. Crude oil prices rose on Mon...
Crude oil futures slumped to 2-month lows after the new COVID-19 variant spooked investors and added to the existing concerns relating to a possible supply glut in the oil markets. The new variant has been termed Omicron. Read Here: Can release of...
Oil prices have exhibited increased volatility over the past few months amid various factors altering the demand-supply dynamics from all directions. Oil prices have rallied by over 58 per cent this year, backed by supply cuts from OECD and some de...
Copper has staged a remarkable journey in 2021 so far, with the price of the commodity rising by over 25 per cent despite the virus crisis. Thanks to strong demand in China and a weaker US dollar, the price of copper exceeded US$10,000 a ton for th...
Crude oil prices rose on Monday recording gains on previous losses on the news that OPEC along with its allies may rethink their plans of increasing production if leading economies release crude oil from their strategic reserves or if coronavirus p...
Highlights Crude oil prices slumped on Wednesday. The US urged other major oil consumers like Japan and China to consider a coordinated release of oil reserves to bring down oil prices. The US has considered announcing an emergency release of ...
Highlights Crude oil settled mixed on Tuesday. The US crude stocks were anticipated to rise in the fourth consecutive week. OPEC and its allies reduced their crude oil demand forecast by 330,000 for the last quarter of 2021. Crude oil pri...
Crude oil prices settled mixed on Monday on the back of strong dollar and rise in COVID-19 cases. January delivery Brent Crude oil futures last traded at US$82.15 per barrel up 0.07%, whereas January delivery WTI crude oil futures traded 0.13% down...
Energy producers of the world could have a poor start to the week after oil prices tumbled on Friday. The prices wiped out the gains of the previous session on worries that the US Federal Reserve will boost its plan to enhance interest rates to tam...