By Administrator_ India Capital Sands Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November. The decision Monday by the Vienna-based oil cartel tracks with its established schedule of adding back that amount of […]
By Administrator_ India Capital Sands Brent oil steadied after a coronavirus-driven washout on Monday that saw prices tumble to an eight-week low. Futures in London held near $69 a barrel after plunging 6.8% on Monday amid a broader market rout. The fast-spreading delta variant of Covid-19 has led to a surge in virus cases and […]
By Administrator_ India Capital Sands Oil was down Monday morning in Asia, with investors on tenterhooks ahead of a crucial OPEC and allies (OPEC+) meeting later in the day. Brent oil futures inched down 0.07% to $76.12 by 12:25 AM ET (4:25 AM GMT), after falling to its first weekly decline in six during the previous week. WTI futures also […]
By Administrator_ India Capital Sands Oil rose on Wednesday, supported by an OPEC+ decision to stick to its plan to restore supply to the market gradually and by the slow pace of nuclear talks between Iran and the United States. Brent rose 48 cents, or 0.7%, to $70.73 a barrel at 0856 GMT. U.S. West […]
