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Oil Price Fundamental Daily Forecast – Vaccine Rollouts Boosting Demand Optimism as Brent Nears $60 Level

forecasts Oil Price Fundamental Daily Forecast – Vaccine Rollouts Boosting Demand Optimism as Brent Nears $60 LevelIt would have to take a dramatic shift in the optimism over the COVID-19 vaccine rollout to truly derail the current rally. Feb 05, 2021 01:28 PM GMT U.S. West Texas Intermediate and international-benchmark Brent crude oil futures rose to their highest levels in nearly a year on Friday with Brent traders zeroing in on the psychological $60 a barrel level on economic revival hopes led by strong compliance with the planned output cuts by OPEC+. Also contributing to the gains were another drawdown in U.S. stockpiles, a rise in new orders for U.S.-made goods, which indicates continued strength in manufacturing and hopes for the passage of President Joe Biden’s COVID-19 relief plan.

Oil Price Fundamental Daily Forecast – Firms after OPEC+ Maintains Production Cuts, US Inventories Draw

forecasts Oil Price Fundamental Daily Forecast – Firms after OPEC+ Maintains Production Cuts, US Inventories DrawOPEC+ maintained its oil output policy at a meeting on Wednesday, a sign producers are happy that their deep supply cuts are draining inventories. Feb 04, 2021 10:52 AM GMT U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are edging higher on Thursday, helped by Wednesday’s government report that showed another draw in crude stockpiles, and after OPEC+ members agreed to continue its reduced output policy. Additional support is being generated by optimism over a speedier U.S. economic recovery on the prospect of additional stimulus from Washington and a successful rollout of the U.S. vaccination program.

Öl in der Arktis: Umweltorganisationen verlieren in Norwegen Prozess gegen Staat

Öl in der Arktis: Umweltorganisationen verlieren in Norwegen Prozess gegen Staat
stuttgarter-zeitung.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuttgarter-zeitung.de Daily Mail and Mail on Sunday newspapers.

Norwegen: Umweltschützer verlieren historischen Prozess gegen den Staat

Norwegen: Umweltschützer verlieren historischen Prozess gegen den Staat
t-online.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from t-online.de Daily Mail and Mail on Sunday newspapers.

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