Echo Energy

Oil climbs as dollar slumps

Oil prices edged higher on Monday, supported by a weaker U.S. dollar but gains were capped by concerns about the impact on demand from rising coronavirus cases in India. Brent

Echo Energy

Oil prices holding up nicely in 2021

A year after crude oil prices were in the negative, ATB Financial says prices so far in 2021 are holding up well. It was about a year ago on April

Echo Energy

Oil prices tick up after robust China data

Oil prices ticked up on Tuesday after strong Chinese import data but markets broadly shrugged off Middle East tensions which have so far not disrupted oil supply. Brent crude oil

Echo Energy

EIA raises short-term oil price forecasts

The US-based Energy Information Administration has raised its oil price forecasts for both 2021 and 2022 as petrol consumption rises and global inventories shrink. The EIA – which is responsible

Echo Energy

Oil bounces back

Oil prices rose more than 1% on Wednesday as investors sought bargains following the previous day’s slump, but the recovery was stunted by fears of a slow recovery in demand

Oil prices climb 2% as dollar slips

Oil prices rose more than 2% on Thursday on a weaker dollar and expectations that a crude glut would be short-lived due to a steep fall in U.S. fuel stocks

Crude oil price breaches $70

On Monday, Brent crude futures (the widely used benchmark for international oil prices) jumped over $70 a barrel for the first time since the COVID-19 outbreak, following reports of attacks

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