- Oil prices recovered on Friday in Asia following an emergency cash injection from the U.S. Federal Reserve. U.S. Crude Oil WTI Futures traded 2.7% higher to $32.35 by 12:30 AM ET (04:30 GMT). International Brent Oil Futures gained 2.4% to $34.02. Oil prices recovered today after...
Oil prices fell for the second straight day on Thursday amid a broad decline in global markets after the United States banned travel from Europe following the World Health Organization’s decision to declare the coronavirus outbreak a pandemic. The slump in oil is being compounded by the threat of...
Oil prices fell on Wednesday, giving up earlier gains, after Saudi Aramco said it had been directed by the energy ministry to raise its production capacity by a million barrels per day. Brent crude slid $1.20, or 3.2%, to trade at $36.01 per barrel, while U.S. West Texas Intermediate crude dropped...
