Friday, April 16, 2021

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Brent crude

Crude Oil price rises above $31 as lockdown easing counter supply glut

Oil rose above $31 a barrel on Wednesday as hopes for a recovery in demand as some countries ease coronavirus lockdowns offset a report showing a higher-than-expected rise in U.S. inventories.

Oil prices rise on supply cuts, but global slowdown looms

Oil prices rose on Tuesday amid supply cuts by producer club OPEC and Russia, although a darkening economic outlook may soon weigh on growth...

Oil prices jump on U.S-China trade hopes, supply cuts

Oil prices have risen by more than 1.5 per cent on Monday on hopes that talks in Beijing can resolve a trade war between the United States and China, while supply cuts by major producers also supported crude.

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