Oil prices – Page 12 – THE OVAL CIRCLE

Attack on world’s largest crude terminal in Saudi Arabia sends oil surging to 13-month high

Posted on March 9, 2021March 9, 2021By Editor

Global prices for crude oil extended gains to a more than one-year high on Monday, after an alarm message from Saudi Arabia that the world’s largest crude terminal at Ras Tanura had been attacked. Output remained unaffected. … Read More >Attack on world’s largest crude terminal in Saudi Arabia sends oil surging to 13-month high

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Oil prices may return to $100 per barrel, Bank of America predicts

Posted on February 27, 2021By Editor

Crude prices may return to levels unseen since 2014 and hit $100 per barrel over the next few years, Bank of America analysts predict. The bullish bet comes as oil prices continue rising from coronavirus lows. … Read More >Oil prices may return to $100 per barrel, Bank of America predicts

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Oil pushing higher as winter storm cripples US energy sector

Posted on February 19, 2021February 19, 2021By Editor

Crude prices extended their 13-month highs on Wednesday as freezing weather in the US had a severe impact on the country’s oil industry, wiping out a record one-third of the national output and causing refinery shutdowns. … Read More >Oil pushing higher as winter storm cripples US energy sector

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Oil touches 13-month high driven by global recovery hopes & OPEC+ supply cuts

Posted on February 10, 2021February 10, 2021By Editor

Crude oil futures secured further gains on Tuesday, with both global benchmark Brent and US West Texas Intermediate (WTI) climbing to the highest levels since January 2020. … Read More >Oil touches 13-month high driven by global recovery hopes & OPEC+ supply cuts

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Oil climbs closer to $60 on growth hopes and OPEC+ supply cuts

Posted on February 6, 2021February 6, 2021By Editor

Crude prices hit their highest level in over a year on Friday, closing in on $60 a barrel amid economic revival hopes and supply curbs by OPEC and allied producers. … Read More >Oil climbs closer to $60 on growth hopes and OPEC+ supply cuts

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Russia to slash oil exports to curb rising domestic fuel prices – report

Posted on January 30, 2021January 30, 2021By Editor

The world’s second-biggest oil exporter, Russia, is planning to cut overseas shipments of its seaborne crude from the country’s western ports next month, to curb a record surge in domestic fuel prices. … Read More >Russia to slash oil exports to curb rising domestic fuel prices – report

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Oil prices hit 10-month high as US dollar weakens & Saudi cuts loom on horizon

Posted on January 13, 2021January 13, 2021By Editor

Global prices for crude were pushed to new multi-month highs as the recent bounce by the US dollar appeared to lose its steam, increasing the appeal of commodities priced in the currency. … Read More >Oil prices hit 10-month high as US dollar weakens & Saudi cuts loom on horizon

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Oil rallies to 11-month highs on surprise Saudi cuts & US crude supply drop

Posted on January 10, 2021January 10, 2021By Editor

Saudi Arabia’s pledges of voluntary output cuts and the earlier decline in US oil inventories have continued to boost energy markets, bringing crude prices to the highest levels since February 2020. … Read More >Oil rallies to 11-month highs on surprise Saudi cuts & US crude supply drop

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Oil rises to multi-month highs as OPEC+ likely to follow current production policy

Posted on January 5, 2021January 5, 2021By Editor

Oil prices reached the highest levels in nearly a year on expectations that OPEC and allied producers led by Russia may keep the production quota in February unchanged amid weak oil demand caused by the global pandemic crisis. … Read More >Oil rises to multi-month highs as OPEC+ likely to follow current production policy

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Russian stock market at all-time high as ruble shows stable growth

Posted on January 5, 2021By Editor

The Moscow stock exchange (MOEX) index reached a new all-time high on Monday, as Russia’s national currency, the ruble, opened the first trading day of 2021 with an upward move, triggered by rising oil prices. … Read More >Russian stock market at all-time high as ruble shows stable growth

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