Sunday, 11 April , 2021
Oil Prices Archives - Iran News Daily
Oil Prices Retreat As Biden Plans Major Federal Tax Hike 16 Mar 2021

Oil Prices Retreat As Biden Plans Major Federal Tax Hike

Despite optimism from Chinese data overnight, forecasts for lower OPEC+ output, and a weaker dollar, oil prices are tumbling this morning with WTI back below $64.50...

Oil Prices Slip As U.S. Rig Count Falls 13 Mar 2021

Oil Prices Slip As U.S. Rig Count Falls

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States fell by 1 this week. The total number of active oil and gas rigs in the U.S. is now at 402—or 390 fewer than this time last year.

Oil Prices Drop As Traders Take Profits 10 Mar 2021

Oil Prices Drop As Traders Take Profits

Speculators have been selling oil over the past two weeks as prices continue higher and the appetite for profit-taking increases.

Energy Transition Could Cut Oil Prices By $10 Per Barrel 02 Mar 2021

Energy Transition Could Cut Oil Prices By $10 Per Barrel

The back-to-back downturns that exploration and production companies (E&Ps) have faced during the past decade have accelerated the energy transition.

Oil Falls With OPEC+ Meeting Hovering Over Tightening Market 02 Mar 2021

Oil Falls With OPEC+ Meeting Hovering Over Tightening Market

Oil plunged as the dollar pared losses ahead of a key OPEC+ meeting scheduled this week that may return more supply back to a fast-tightening market.

Is This Oil Rally The Start Of Something Much Bigger? 17 Feb 2021

Is This Oil Rally The Start Of Something Much Bigger?

Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation.

Oil rises on fears of heightened tensions in Middle East 15 Feb 2021

Oil rises on fears of heightened tensions in Middle East

Brent crude was up 66 cents, or 1.1%, at $63.09 a barrel at 0004 GMT, after climbing to a session high of $63.44, the highest since Jan. 22, 2020. U.S. West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.5%, to $60.33 a barrel.

Brent Oil: A rally to $70 is technically possible 13 Feb 2021

Brent Oil: A rally to $70 is technically possible

This week, Brent Oil prices broke through the technical resistance level of $60/barrel within the upward trend channel. As a result, the multiyear downward trend was broken

Brent approaches $60 per barrel as supply cuts, stimulus hopes lift prices 08 Feb 2021

Brent approaches $60 per barrel as supply cuts, stimulus hopes lift prices

Brent crude for April touched a high of $59.95 a barrel and was at $59.85 by 0041 GMT, up 51 cents, or 0.9%. Front-month prices last hit $60 on Feb. 20, 2020.

Tighter Oil Markets Send Oil Prices Higher 02 Feb 2021

Tighter Oil Markets Send Oil Prices Higher

Oil prices rose early on Monday, supported by a risk-on sentiment on the equity markets and expectations that the oil production curbs by OPEC+