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OIL PRICES
Oil prices are marginally down on Friday, however, heading for their biggest weekly gains since mid-December. Although the...
Oil prices are bullish in the Asian session today, as the worry of a potential coordinated release of...
Oil prices started the London trading session today bullish as data showed a decline in U.S. inventories.
Volume on the Nasdaq was lower while volume on the NYSE was greater than it was at the closing on Wednesday.
The Federal Government will set a crude oil benchmark price of $57 per barrel at 1.88 million barrels a day for its 2022 budget.
the Bonny light crude rose by 0.50% to close at $68.01, with the OPEC basket going up by 0.09% to close at $67.47.
Oil prices closed bullish on Thursday, pushing the Brent crude futures towards $70 a barrel.
Brent crude is trading $68.16 a barrel, currently down 0.83%, erasing Wednesday's gain.
Today’s spike in the price means that investors remain positive about fuel demand recovery.
Oil prices ended their last trading session of the week on a bullish note with growing price optimism on global energy demand spike.
Oil prices are currently inching closer to $70 per barrel as the positive outlook of a return to global economic recovery swells investor sentiments.
British based contract ticked up by 0.3% to trade at $63.59 a barrel while the WTI futures edged near $60 a barrel.