Oil prices fall amid OPEC+ deadlock over output cuts
The COVID-19 pandemic took its toll on oil prices in 2020. For the past year, the US benchmark slumped 20.5%, while Brent crude lost 21.5%.
Latest in Tag: WTI Highlight
Latest in Tag: WTI
Oil prices climb on vaccine optimism, US crude inventories up last week
Many European countries and US states are tightening coronavirus restrictions. Analysts expect oil prices to come under pressure in the first half of 2021
Oil prices slip on the back of COVID-19 worries
Oil prices drop came amid a spike of new coronavirus infections in some major economies forced renewed restrictions or a delay of unwinding lockdowns.
Oil prices gain amid positive data
West Texas Intermediate for September delivery rose to $41.01 a barrel, while Brent crude for October delivery climbed to $44.15 a barrel
Oil prices sink amid demand fears
Oil prices plunged as West Texas Intermediate for September delivery fell $1.35 to$39.92 a barrel, while Brent crude lost 81 cents to $42.94 a barrel
Oil prices gain after US inventories drop
Oil prices also got a lift from weak US dollar as there is normally a reverse correlation between foreign exchange value of the US dollar and oil prices
Oil prices climb amid demand hopes
Meanwhile, Brent crude oil for September delivery advanced 1.04 dollars to close at 44.32 dollars a barrel on the London ICE Futures Exchange.