2020-08-11 14:05:00
OIL PRICE: ABOVE $45
REUTERS - AUGUST 11, 2020 - Crude oil prices rose on Tuesday, underpinned by expectations of a U.S. stimulus to help jumpstart the world’s biggest oil consumer, a rebound in Asian demand as economies reopen and a stronger stock market.
Brent crude LCOc1 added 29 cents, or 0.6%, to $45.28 a barrel, by 0819 GMT. West Texas Intermediate U.S. crude CLc1 rose 38 cents, or 0.9%, to $42.32 a barrel.
U.S. President Donald Trump tweeted that top congressional Democrats wanted to meet with him on coronavirus-related economic relief. The talks between Democrats and the Trump administration broke down last week.
“A deal on the support package is not a foregone conclusion but if it a mutually acceptable accord is struck stocks and oil will get a short-term boost,” Tamas Varga of oil brokerage PVM said.
Signs of recovering Asian oil demand also boosted prices.
On Sunday, Aramco CEO Amin Nasser said he sees oil demand rebounding in Asia as economies gradually open up.
China’s factory deflation eased in July, driven by a rise in global oil prices and as industrial activity climbed back towards pre-coronavirus levels, adding to signs of recovery in the world’s second-largest economy.
Prices also found support from a rally in European stocks which rose for a third straight session on Tuesday as automakers gained on firm China sales data.
U.S. passenger airline traffic, which was hit hard by the coronavirus pandemic, was down 80% in June from a year earlier, official figures showed, but still nearly twice the levels of May.
Energy companies have begun taking back millions of barrels of oil from the U.S. government’s emergency stockpile after renting storage in the facility to help manage a glut of crude this spring after energy demand collapsed during COVID-19 lockdowns, a Department of Energy website showed on Monday.
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Earlier:
2020, August, 10, 11:35:00
OIL PRICE: NEAR $45 AGAIN
Brent rose 34 cents, or 0.8%, to $44.74 a barrel , WTI were up 47 cents, or 1.1%, to $41.69 a barrel.
2020, August, 7, 13:55:00
OIL PRICE: NEAR $45 YET
Brent fell 31 cents, or 0.7%, to $44.78, WTI slipped 39 cents, or 0.9%, to $41.56.
2020, August, 6, 12:10:00
OIL PRICE: NEAR $45 ANEW
Brent fell 7 cents to $45.10 a barrel, WTI was down 25 cents at $41.94.
2020, August, 5, 12:15:00
OIL PRICE: NEAR $45
Brent was up 44 cents, or 1%, at $44.87 a barrel, WTI rose 43 cents, or 1%, to $42.13 a barrel.
2020, August, 4, 14:45:00
OIL PRICE: ABOVE $43 TOO
Brent were 72 cents, or 1.7%, lower at $43.43 a barrel, WTI were down 68 cents, or 1.7%, at $40.33 a barrel
2020, August, 4, 14:40:00
ЦЕНА URALS: $40,34
Средняя цена на нефть марки Urals в январе-июле 2020 года сложилась в размере $ 40,34 за баррель
2020, August, 3, 12:45:00
RUSSIA'S OIL PRODUCTION 9.37 MBD
Russia agreed to cut crude production over May to July by 2.5 million b/d from a baseline of 11 million b/d to 8.5 mil b/d under the OPEC+ agreement.
