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Wednesday, April 21, 2021

Brent crude oil

BRENT CRUDE OIL NEWS

Goldman hikes Brent forecast, says 'shale discipline' behind OPEC strategy

March 05, 2021 12:36 pm

US shale producers have quickly responded to oil price gains in recent years, winning market share as Saudi Arabia and other major producers have cut output, although they held back on boosting production since pandemic-led demand destruction last year.

Oil prices surge as OPEC+ extends output cuts into April

March 05, 2021 10:36 am

Brent crude futures for May rose 60 cents, or 0.9%, to $67.34 a barrel at 0337 GMT, and was on track for a near 2% gain in the week. US West Texas Intermediate (WTI) crude futures were up 56 cents, or 0.9%, to $64.39 per barrel.

Oil climbs to 13-month highs on output cuts, demand recovery hopes

February 09, 2021 12:07 pm

Crude oil price: Brent crude futures for April gained 48 cents, or 0.8%, to $61.04 a barrel by 0443 GMT. U.S. West Texas Intermediate crude (WTI) for March was at $58.42 a barrel, up 45 cents, or 0.8%.

Oil extends rally amid coronavirus vaccine rollouts

December 11, 2020 2:45 pm

Brent was up 30 cents or 0.6% at $50.55 a barrel by 0752 GMT, after gaining nearly 3% on Thursday. US oil was up 31 cents, or 0.7%, at $47.09 a barrel, having also risen almost 3% in the previous session.

Crude oil prices extend gains on COVID vaccine hopes, OPEC+

November 23, 2020 11:59 am

Brent crude futures rose 21 cents, or 0.5%, to $45.17 a barrel by 0436 GMT while US West Texas Intermediate crude gained 10 cents, or 0.2%, to $42.52 a barrel. Both benchmarks jumped 5% last week.

September crude processing below pre-Covid level

October 24, 2020 12:59 am

Domestic refiners cited high inventory levels and low demand for petroleum products due to Covid-19 as the key reason behind low processing levels.

Oil rises on short-covering, hopes for deeper output cut by OPEC+

February 26, 2020 11:37 am

Brent crude rose 33 cents, or 0.6%, to $55.28 a barrel by 0513 GMT, while US West Texas Intermediate crude gained 41 cents, or 0.8%, to $50.31 a barrel. Still, prices are down nearly 7% since last Thursday's close.

Oil rises on supply worries, while virus-led demand concerns ease

February 20, 2020 9:43 am

Tensions in Libya that have led to a blockade of its ports and oilfields have shown no signs a resolution, while US sanctions on a subsidiary of Russian state oil major Rosneft to cut Venezuelan crude from the market have helped rekindle global oil supply worries.

Oil slips as US stocks rise, but hopes for US-China trade deal stem losses

November 27, 2019 10:28 am

Wednesday's decline reversed two days of gains, with WTI climbing 1.1 per cent through Tuesday and Brent gaining 1.4 per cent during the period, on the expectation that China and the United States, the world's two biggest crude oil users, would soon sign a preliminary agreement beginning an end to their 16-month trade war.

Oil falls on worries over growth outlook, positive news on Iran

July 29, 2019 10:44 am

Brent crude futures were up 23 cents, or 0.4%, at $63.23 a barrel by 0054 GMT. Prices rose 1.6% last week. US West Texas Intermediate crude was down by 12 cents, or 0.2%, at $56.08 a barrel. WTI gained 1% last week.