On Thursday, oil prices fluctuated before finishing higher. For the February futures market on Nymex, the price of U.S. WTI light crude oil gained 0.3 percent to $48.52 a barrel, while North Sea Brent gained 0.6 percent to $51.91. However, in 2020, as a result
On Monday, the oil sector remained under pressure from the U.S. Congress still not coming to an agreement on the stimulus plan as well as suffering the impact of new coronavirus wave in the United Kingdom which raised questions about the economic recovery in all
On Thursday, December 17, oil prices updated their nine-month highs. In general, the sentiment on the commodity markets remained very positive, owing to the expectations of a positive impact of the population’s coronavirus vaccination, as well as the introduction of a new package of economic
The U.S. indices ended the trading session in positive territory on Tuesday, December 8, after the Food and Drug Administration (FDA) released first scientific evaluation, setting the stage for the government to give a go ahead to the Covid-19 vaccine developed by Pfizer and BioNTech
On Thursday December 3, in the hope of progress in negotiations on a new stimulus package, the key U.S indices showed positive dynamics. Safe haven assets also came up with positive traits on the day with gold and US Treasury bonds added more to their
Oil continues to decline on Tuesday, although the group of oil producing countries OPEC has not yet succeeded in reaching an agreement on their production levels for the coming months. For the January Nymex contract, the price of U.S. light crude (WTI) fell 1.7 percent
On Monday, oil prices continued to grow at their highest level in almost three months, hoping for a demand rebound in 2021 and an extension of OPEC supply cuts past 31 December. On 30 November and 1 December, the representatives of the OPEC+ will meet.
Gold has recovered its color on Tuesday after getting a blow on Monday due to the return of risk appetite. After slipping the highest one-year decline of 5 percent in more than seven years on Monday for the Comex Futures contract, Gold gained 1.2 percent
According to trading data, global oil prices fell by more than 3% on Friday due to increasing concerns about demand for raw materials in the light of the ongoing coronavirus pandemic. The cost of January futures for Brent North Sea oil mix fell by 3.37
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