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Topic

West Texas Intermediate

Oil rises but remains rangebound as COVID-19 cases soar

Oil rises but remains rangebound as COVID-19 cases soar

Published 12 Apr, 2021 05:59pm
  • However, the crude prices have remained rangebound in the past three weeks, with Brent between $60 and $65 a barrel and WTI at $57 to $62.
  • "Oil prices are entering a consolidation phase after swinging wildly last month," said oil broker PVM's Stephen Brennock.
Oil prices dip on mixed supply and demand outlook

Oil prices dip on mixed supply and demand outlook

Published 09 Apr, 2021 03:43pm
  • "If a fulsome framework can be crafted in the coming weeks, significant quantities of Iranian oil will likely hit the market in H2 2021," RBC Capital analyst Helima Croft said in a note this week.
Oil outlook for 2021 hit by new COVID-19 strain

Oil outlook for 2021 hit by new COVID-19 strain

Published 31 Dec, 2020 06:45pm
  • Pace of oil demand recovery to depend on vaccine rollouts –analysts.
  • Some analysts say no return to pre-pandemic levels before 2023.
  • OPEC to meet on Jan. 4 to decide on output.
  • Brent has averaged $43.21/bbl in 2020, WTI about $39.34.
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