Tag: price of a barrel of crude oil

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January 11, 2022January 11, 2022Latest, Markets, World, Oil & Gas

Price of a barrel of oil rises to $82

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Limited oil supply pushed its price up this Tuesday to near $82 and it is hoped that the increase in coronavirus cases and the spread of the omicron variant will not derail a recovery in global demand. Brent crude oil gained 73 cents, or 0.9%, to $81.60 per...

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November 16, 2021November 17, 2021Latest, Markets, World

Oil returns to gains on prospect of fewer stocks

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"Black gold" prices returned to gains this Tuesday, buoyed by the prospect of a tightening of inventories around the world. Still, forecasts of an increase in global production in the coming months and fears surrounding the rise of covid cases in Europe are holding back further momentum from the...