Oil prices recovered on Thursday after the collapse the day before, triggered by US statements about plans to introduce new duties on Chinese goods. On Wednesday, WTI crude oil fell at a record pace for the year, and Brent - for almost 2 years. By 14:57 Moscow time on Thursday, September futures for Brent crude went up 85 cents to 74 dollars 25 cents a barrel. Prices for August WTI futures rose 52 cents to 70 dollars 90 cents per barrel. According to the forecast of the International Energy Agency, promulgated on Thursday, the demand for oil in 2018 and 2019 will increase by 1 million 400 thousand barrels per day. According to the agency, in June, OPEC countries increased production by 180,000 barrels per day to a maximum of 31 million 870 thousand barrels per day in the last 4 months.
Oil maintains momentum as virus concerns may lead to deeper output cuts12.02.2020
SoftBank shares surge up to 14% after U.S. judge approves merger between T-Mobile and Sprint12.02.2020
Oil inches up as NcoV cases decelerate, boosts market sentiment11.02.2020
Oil advances but investors remain cautious over China virus