OIL UPDATE BY VENUSCOMMODITY

Oil prices slip after OPEC+ agree to ease output cuts Oil prices edged down in early Asian trade on Monday after OPEC+ agreed last week to gradually ease some of its production cuts between May and July. Brent crude futures for June fell 16 cents, or 0.2%, to $64.70 a barrel by 2351 GMT while …

LATEST UPDATES BY VENUS COMMODITY

Oil Down as Uneven COVID-19 Recovery Stoke Fuel Demand Worries il was down Tuesday morning in Asia, continuing its trend downwards over persistent worries about fuel demand recovery in the short term. Brent oil futures were down 0.44% to $63.98 by 9:37 PM ET (1:37 AM GMT) and WTI futures fell 0.96% to $60.97. Both …

LATEST UPDATES BY VENUS COMMODITY

Oil falls as European lockdowns douse recovery hopes Oil prices resumed their decline on Monday, falling around 1% as worries about a drop in demand for fuel products in the wake of yet more European lockdowns dominated trading. Brent crude was down 60 cents, or 0.9%, at $63.93 a barrel by 0136 GMT. U.S. oil …

LATEST UPDATES BY VENUSCOMMODITY

Oil Futures Curve at Risk of More Weakness as Demand Wanes The U.S. oil futures curve is showing signs of strain and may soften further in the coming weeks with Asian refiners’ appetite for American barrels diminishing. The spread between West Texas Intermediate crude for nearest delivery and its second-month contract is trading in the …

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