Barrel

Oil closed stable after sharp fall on Thursday

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In New York in both, the barrel of WTI for delivery in July yielded 0.2% to 36,26 dollars. On the week, Brent lost 8.4% and WTI by 8.3%. Oil prices advanced strongly in recent times, “it is natural, therefore, that the market return to the breath, and correct the excesses” of trading, said Bjornar Tonhaugen, … Read more

Oil crisis: “The Americans should accept quotas”

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Patrice Geoffron is a professor of economics at Paris-Dauphine University and director of the Center for Geopolitics of Energy and Raw Materials. Read also Speculation, saturated storage… Why the barrel of oil fell below zero dollar Nothing seems to prevent a fall in world oil prices. How did we get here ? The health crisis … Read more

New York oil at its lowest since 2002

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New York (awp / afp) – The price of a barrel of oil quoted in New York fell on Friday by 8.1% to end at its lowest since January 2002 while it becomes more and more difficult to store crude at United States. West Texas Intermediate barrel for May delivery was 18.27 dollars, down 1.60 … Read more

Oil: WTI barrel sinks further and loses more than 10%

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London (awp / afp) – The price of a barrel of American WTI fell Friday during the European session, hitting a low since the end of 2001, betraying the feverishness of investors towards the American crude industry. Around 12:55 GMT (2:55 PM in Paris), the barrel of WTI for delivery in May dropped 10.02% compared … Read more