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Brent Oil - Smoother path expected after bumpy week for oil
Photo: Le Toan Following the coronavirus outbreak, global oil prices have suffered a sharp decline, with the price of crude falling to a year low on February 4 as traders reacted to the magnitude of ...
Oil prices fall on bearish demand forecasts
30 IST Lower fuel demand expectations because of the virus have also shifted the market structure for both Brent and WTI into a contango, when prompt prices are lower than those for later dates. Oil ...
The coronavirus will cause global oil demand to shrink for the first time in a decade
The amount of oil needed to run the global economy will decline sharply in the first quarter of this year as the coronavirus forces factories to close in China, snarls transportation and hits supply ...
Crude oil futures slip 0.82%, Axis Securities advises to buy on dips
China's success in curbing the spread of the disease had led to a positive trigger in crude oil, he said. As long as Brent crude sustains above $55, it is a positive trend, he said. Clients can deploy ...
Oil loses gains as coronavirus deaths reach daily high
With low oil demand worries, Brent crude was trading at $55.62 per barrel at 0710 GMT on Thursday for a 1.33% loss after closing Wednesday at $56.37 a barrel. American benchmark West Texas ...