Crude inventories rose by 584,000 barrels in the week to Oct. 16 to 490.6 million barrels, data from industry group the American Petroleum Institute (API) showed
Adding to pressure, worldwide COVID-19 cases crossed 40 million on Tuesday, with some parts of Europe imposing renewed lockdown measures
"I think quarter two, 2021 will be more attractive to every aspect of our business," Ihsan Abdul Jabbar told the CWC Iraq Petroleum conference
Brent crude futures fell 30 cents, or 0.7%, to $42.32 a barrel by 0149 GMT, after falling 31 cents on Monday
Oil markets climbed for a third day despite a resurgence in Covid-19 infections across Europe potentially denting fuel demand
On the daily scale, Zinc has witnessed a crossover of 20 and 50 EMA, suggesting fresh sign of bullishness
Brent crude futures for December fell by 8 cents, or 0.2%, to $42.37 a barrel by 0142 GMT while US
Brent crude for December fell 32 cents, or 0.8%, to $42.53 a barrel by 0347 GMT and US West Texas Intermediate for November was at $40.30 a barrel, down 30 cents, or 0.7%
The National Oil Corp., Libya's state energy company, lifted force majeure on the western deposit of Sharara and instructed its operator to resume production, according to a statement on Sunday
Crude oil has made 'Piercing line' candlestick pattern on daily scale, which has bullish implementation
Brent crude futures were down $1.05, or 2.5 per cent, to $41.60 a barrel by 7.33 pm (IST) and US West Texas Intermediate (WTI) crude declined $1.19, or 2.9 per cent, to $39.48
US West Texas Intermediate crude oil futures fell 87 cents, or 2.1%, to $39.80 a barrel by 0104 GMT while Brent crude futures fell by 74 cents, or 1.7%, to $41.91 a barrel
A 32 per cent jump in oil revenues offers some relief to strained govt finances
Brent rose $2.02, or 5.1%, to settle at $41.29 a barrel. U.S. West Texas Intermediate (WTI) crude rose $2.17, or 5.9%, to settle at $39.22 a barrel
Natural Gas has given sell crossover of 20 and 50 EMA on daily scale
Prices had slumped more than 4% on Friday amid uncertainty surrounding Trump's health
Brent crude slipped on the Trump news and was down $2.05, or 5.01%, at $38.88 a barrel by 1324 GMT. US oil was down $2.01, or 5.19%, at $36.71
US stock futures and Asian shares fell Friday after President Donald Trump said he and first lady Melania Trump had tested positive for the new coronavirus. The future contracts for both the S&P 500 and the Dow industrials lost 1.9 per cent. Oil prices also slipped. Trump tweeted news of his test results just hours after the White House announced that senior aide Hope Hicks had come down with the virus after travelling with the president several times this week. To say this potentially could be a big deal is an understatement, Rabobank said in a commentary. Anyway, everything now takes a backseat to the latest incredible twist in this US election campaign. Trading in Asia was thin, with markets in Shanghai and Hong Kong closed. The Nikkei 225 index shed strong early gains, losing 0.8 per cent to 22,999.75 after the Tokyo Stock Exchange resumed trading following an all day outage due to a technical failure. Reports that the Japanese government is preparing new stimulus measures t
Brent crude futures fell $1.37, or 3.2%, to settle at $40.93 a barrel after dropping to a low of $39.92
U.S. West Texas Intermediate (WTI) crude futures slipped 1 cent to $40.21 a barrel at 0146 GMT, after jumping 2.4% on Wednesday