Oil mixed as Hurricane Ida pounds US crude patch, Louisiana
By Administrator_ India Capital Sands Oil prices pared early gains on Monday, off more than three-week highs reached earlier in the session as a powerful hurricane plowing through the Gulf of Mexico forced shutdowns and evacuations of hundreds of offshore oil platforms. Brent was up 16 cents or 0.2% at $72.86 a barrel by 0153 […]
Oil prices rebound from 7-day losing streak as investors snap up bargains
By Administrator_ India Capital Sands Oil prices reversed out of a seven-day losing stretch on Monday as investors punted on crude at bargain levels, though lingering fears over how a surge in global covid-19 cases might affect fuel demand combined with a firmer U.S. dollar to limit gains. Brent crude futures climbed 60 cents, or […]
Oil falls as Delta surge clouds fuel demand outlook
By Administrator_India Capital Sands Oil prices fell more than 1% on Monday, dropping for a third session, as government-imposed restrictions on mobility to counter the spread of the Delta variant raised worries about a recovery in fuel demand. Brent crude was down 80 cents, or 1.1%, at $69.79 a barrel by 0046 GMT, after edging […]
Oil Up, Brent Futures Close to $60 Mark Over U.S. Stimulus Hopes
By Administrator_ India Capital Sands Oil was up Monday morning in Asia, with supply cuts by key producers and hopes for further U.S. stimulus measures giving the black liquid a boost. Brent oil futures gained 0.54% to $59.88 by 10:51 PM ET (3:51 AM GMT), and is close to topping the $60 mark for the first time since […]