Tag: Brent
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Brent Crude Falls to $19 Per Barrel
The international crude oil benchmark, the Brent crude, fell by 6.76 percent or $1.45 to $19.99 per barrel on Monday. The decline in oil prices was caused by demand worries and oversupply facing the market lately. This is coming after the crude fell last week to such levels for the first time in two decades.…
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Coronavirus: Brent Falls to $54 as Russia Rejects OPEC Cuts
Brent Crude futures fell below $55 per barrel on Friday as major futures recorded a fifth consecutive weekly loss, with Russia saying it was not ready to adhere to cuts recommended to help the global market affected by the spread of the coronavirus. On the back of this, Brent crude shed 46 cents or 0.84…
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Oil prices jump as Brent hits $70
Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as U.S. stock prices rose. Investors covered short bets ahead of a weekend in which the U.S. news programme “60 Minutes” will air an interview with Saudi Arabia’s crown prince. Brent futures rose to more than 66.42 dollars…
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Price of brent crude oil rises to all time high since December 2014
The price of brent crude oil rose to 70 dollars a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in U.S. and Canadian drilling activity that points to higher future output in North America. Brent sweet crude futures, the international benchmark for oil prices, were at…