Oil prices edged up on Thursday, extending gains from the previous session, buoyed by lower crude inventories and higher gasoline demand in the United States. Brent crude futures for September rose 40 cents, or 0.4%, to $107.02 a barrel by 0010 GMT, after gaining $2.22 on Wednesday. U.S. West Texas Intermediate crude (WTI) was at … Read more
By Prathamesh Mallya In September, natural gas prices on the NYMEX and MCX have declined by approximately 29 per cent. The fall in natural gas prices has a lot to do with the demand and supply which is a very intrinsic factor which decides the price trajectory of the commodity. Moreover, the fall in the … Read more
Opec@60: Once an American foe, now a friendFounded in Baghdad on Sept. 14, 1960 to counter the power of seven U.S. and British oil companies, OPEC has repeatedly yielded to pressure from Washington to pump more oil since US President Donald Trump took office at the start of 2017. Source link
NEW YORK: Oil prices rose on Friday and were on track for monthly gains, benefiting from news that U.S. oil output cuts in May were the largest on record. Brent crude LCOc1 settled up 37 cents, or 0.9%, at $43.31 a barrel. US. crude CLc1 was up 35 cents, or 0.9%, at $40.27 after dropping … Read more