Crude oil prices gain as China fuels hopes of demand recovery
Crude oil traded higher on Monday morning following the hopes of demand recovery in China. At 10 am on Monday, March Brent oil futures were at $79.46, up by 1.13 per cent, and February crude oil futures on WTI were at $74.70, up by 1.26 per cent. January crude oil futures were trading at ₹6,172 […]
Crude oil declines on Greenspan comment on ‘recession’ likely in the US
Crude oil futures, which fell by more than 4 per cent on Tuesday, traded lower on Wednesday following a weak demand outlook and rise in the number of Covid cases in China. At 10 am on Wednesday, March Brent oil futures were down by 0.22 per cent at $81.92 and February crude oil futures on […]
Crude oil trades lower on renewed fears of global slowdown
Crude oil traded lower Tuesday morning due to the fears of a slowdown in the global economy. At 10 am, the March Brent oil futures were down by 0.40 per cent at $85.57 and February crude oil futures on WTI were down 0.37 per cent at $79.96. January crude oil futures were trading at ₹6,627 […]