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Brent Oil - Morgan Stanley sees tighter oil market, raises Brent forecast
News wire — Morgan Stanley on Tuesday raised its year-end Brent price forecast to $40 per barrel, citing a faster-than-expected balance in global oil demand and supply as countries ease coronavirus ...
Oil prices post increases over reductions in output
The prices of oil enjoyed increase on Tuesday, mostly due to supply reduction efforts carried out by large oil producers.Brent crude for July delivery saw an increase of USD0.64 to end at USD36.17 ...
Rouble steady as central bank support offsets low oil prices
The Russian rouble was steady against the U.S. dollar on Thursday as support measures from the central bank offset low oil prices and the end of a tax period that generally buttresses the currency.
Here’s What’s Moving Oil Prices
After an enormous rally, oil prices have started to ease off today. The West Texas crude oil’s July contract crossed above $34 per barrel on Tuesday this week, which left many traders scratching their ...
Oil price may drop to below zero again
The collapse of West Texas Intermediate oil price below zero may repeat as Saudi Arabia and Russia may restart a new round of price war in the oil markets, Russian experts warn. The WTI, also known as ...