Oil Up, Brent Futures Close to $60 Mark Over U.S. Stimulus Hopes

By Administrator_ India Capital Sands Oil was up Monday morning in Asia, with supply cuts by key producers and hopes for further U.S. stimulus measures giving the black liquid a boost. Brent oil futures gained 0.54% to $59.88 by 10:51 PM ET (3:51 AM GMT), and is close to topping the $60 mark for the first time since Feb. 20, 2020. WTI futures rose 0.99% to $57.41. The six-month Brent spread settled at $2.33 on Friday, after hitting a high…

"Oil Up, Brent Futures Close to $60 Mark Over U.S. Stimulus Hopes"

Oil Up, Finishes August Strong Despite Oversupply Fears

By Administrator_India Capital Sands Brent oil futures rose 0.61% to $46.09 by 12:17 AM ET (5:17 AM GMT) and WTI futures were up 0.40% to $43.14. Oil was up on Monday morning in Asia, with global stimulus measures continuing to support prices but with gains capped over creeping fears of an oversupply. Hurricane Laura, which struck the Gulf of Mexico region during the previous week, had a weaker impact on oil markets than feared, with the region’s offshore…

"Oil Up, Finishes August Strong Despite Oversupply Fears"