By Administrator_India Capital Sands Oil prices rose on Tuesday on clear signs that producers are sticking to commitments to cut crude supply as more cars get back on the road with coronavirus lockdowns easing around the world. U.S. WTI crude futures gained 2.3%, or 75 cents, to $34.00 as of 0057 GMT. There was no […]
By Administrator_India Capital Sands Oil prices slid nearly $1 a barrel on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of the world’s top producers. Brent crude futures LCOc1 were down 73 cents, or 2.4%, at $30.24 a […]
By Administrator_India Capital Sands Oil prices rose on Friday as more countries began easing lockdowns set in place to stop the coronavirus spreading, giving hope that demand for fuels will pick up after the economic devastation caused by the pandemic. Brent crude was up 47 cents, or 1.5%, at $29.33 a barrel by 0121 GMT, […]
By Ritu, Capital Sands Oil prices jumped again on Tuesday on hopes for a recovery in vehicle traffic and fuel demand as some European and Asian countries along with several U.S. states began to ease coronavirus lockdown measures. WTI crude CLc1 futures were up 9.6%, or $1.95, at $22.34 per barrel 1000 GMT. The U.S. […]