Japan began to sell the oil in its strategic reserves to counter rising oil prices with moderate sales. The country joined the unprecedented, coordinated release of crude oil in the strategic reserves led by the United States. The Ministry of Trade stated that the government tendered Oman crude oil from the Shibushi Strategic Reserve for delivery from …
Oil prices were mixed on Monday. Brent crude oil rose slightly, while US crude oil futures fell. The fall came after airlines canceled thousands of flights in the United States during the Christmas holiday due to a surge in COVID-19 infections. As of 0510 GMT, US West Texas Intermediate crude oil futures fell 63 cents, …
US Crude Oil Prices Drop As COVID-19 Cancels The Flights Read More »
Brent crude oil futures rose for three days in light holiday trading on Friday. However, the benchmark should still increase every week. The market is concerned about the next move of OPEC+ and the impact of Omicron variants. At 07:41 GMT, Brent crude oil futures fell 41 cents, or 0.5%, to US$76.44 per barrel. The benchmark should …
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