Chill Crow News
  • Home
  • News

    Trending Tags

      • Business
      • Politics
      • World
    • Entertainment

      Severe Energy: Inside Vanessa Bryant’s World Because the Deaths of Kobe and Gianna – E! On-line

      Revenge Reunion Organizer Says Christa B. Allen Will “Completely” Be Invited After Obvious Snub – E! On-line

      Lana Condor Shares the Neutrogena Merchandise She’ll Love All the time and Without end – E! On-line

      The Bachelor’s Chelsea Vaughn on the Significance of Her and Matt James’ Dialog About Hair – E! On-line

      Capitol Rioter Suspect Apologizes For Threatening To Assassinate Alexandria Ocasio-Cortez

      Amanda Gorman Reveals Why Michelle Obama Yelled at Barack Throughout the 2021 Inauguration – E! On-line

      Nikki Bella Is Battling Postpartum Melancholy on Complete Bellas However Will not Inform Artem – E! On-line

      Trending Tags

      • Tech

        Singapore, Australia-based martech startup IMMedia secures collection A funding

        ByteDance to chop its India workers as TikTok ban continues

        Meet the 20 top-funded startups and tech corporations in Hong Kong

        Former Commonplace Chartered Singapore CEO joins fintech startup Hashstacs

        Thunderbird 78.7.0 is a safety and bug repair replace (for essentially the most half)

        Chinese language VC agency Qiming raises $433m in ultimate shut of its yuan-denominated fund

        Ant Group to promote US-based biometric safety agency EyeVerify, report says

        Trending Tags

        • Covid-19
        • About
        Wednesday, January 27, 2021
        No Result
        View All Result
        • Home
        • News

          Trending Tags

            • Business
            • Politics
            • World
          • Entertainment

            Severe Energy: Inside Vanessa Bryant’s World Because the Deaths of Kobe and Gianna – E! On-line

            Revenge Reunion Organizer Says Christa B. Allen Will “Completely” Be Invited After Obvious Snub – E! On-line

            Lana Condor Shares the Neutrogena Merchandise She’ll Love All the time and Without end – E! On-line

            The Bachelor’s Chelsea Vaughn on the Significance of Her and Matt James’ Dialog About Hair – E! On-line

            Capitol Rioter Suspect Apologizes For Threatening To Assassinate Alexandria Ocasio-Cortez

            Amanda Gorman Reveals Why Michelle Obama Yelled at Barack Throughout the 2021 Inauguration – E! On-line

            Nikki Bella Is Battling Postpartum Melancholy on Complete Bellas However Will not Inform Artem – E! On-line

            Trending Tags

            • Tech

              Singapore, Australia-based martech startup IMMedia secures collection A funding

              ByteDance to chop its India workers as TikTok ban continues

              Meet the 20 top-funded startups and tech corporations in Hong Kong

              Former Commonplace Chartered Singapore CEO joins fintech startup Hashstacs

              Thunderbird 78.7.0 is a safety and bug repair replace (for essentially the most half)

              Chinese language VC agency Qiming raises $433m in ultimate shut of its yuan-denominated fund

              Ant Group to promote US-based biometric safety agency EyeVerify, report says

              Trending Tags

              • Covid-19
              • About
              No Result
              View All Result
              Chill Crow News
              No Result
              View All Result
              Home Business

              Oil costs hit 11-month excessive on Saudi cuts, shrugs off US political turmoil

              admin by admin
              January 8, 2021
              in Business
              0
              0
              SHARES
              2
              VIEWS
              Share on FacebookShare on Twitter



              By Laura Sanicola


              NEW YORK (Reuters) –Oil prices settled higher on Thursday, hitting 11-month peaks, as markets remained focused on Saudi Arabia’s unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political turmoil in the United States.



              Brent crude settled up 8 cents to $54.38 a barrel after touching $54.90, a high not seen since before the first COVID-19 lockdowns in the West.


              U.S. West Texas Intermediate (WTI) settled up 20 cents to $50.83, after hitting a session high at $51.28.


              On Wednesday, crude futures prices briefly dipped when President Donald Trump’s supporters stormed the U.S. Capitol after he urged them to protest Congress’s certification of his election loss.


              Oil prices have been supported this week by a pledge by Saudi Arabia, the world’s biggest oil exporter, to cut output by an additional 1 million barrels per day (bpd) in February and March.


              “By next month, this bull market could re-establish into higher levels mainly with the benefit of Saudi Arabia’s unexpected voluntary 1 million bpd production cut,” said Jim Ritterbusch, president of Ritterbusch and Associates in Galena, Illinois.


              Seven North Sea crude cargoes were bought and sold in the trading window operated by Platts on Thursday, a record amount that trade sources say may reflect tighter supply after the surprise cut.


              “Saudi Arabia …intimately knows the relationship between the oil price and the global inventory levels. Lower inventories equal higher prices,” SEB chief commodity analyst Bjarne Schieldrop said.


              Global equities were higher as investors believe Democratic U.S. President-elect Joe Biden would be empowered to spend more freely following victories by two Democrats in Senate races in Georgia that gave the party control of both chambers of U.S. Congress. [nL1N2JI1A9]


              “Expected stimulus measures under a Biden administration that will likely include significant infrastructure investment represents a supportive consideration capable of boosting gasoline and diesel demand,” Ritterbusch said.


               


              (Additional reporting by Noah Browning and Aaron Sheldrick; editing by Kirsten Donovan and Marguerita Choy and Sonya Hepinstall)

              (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

              Dear Reader,

              Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

              We, however, have a request.

              As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

              Support quality journalism and subscribe to Business Standard.

              Digital Editor



              Previous Post

              ‘Police Academy’ Star Marion Ramsey Useless At 73

              Next Post

              Singapore’s Beenext leads $4m sequence A spherical in Indian digital funds agency

              Next Post

              Singapore’s Beenext leads $4m sequence A spherical in Indian digital funds agency

              Leave a Reply Cancel reply

              Your email address will not be published. Required fields are marked *

              Janet Yellen confirmed as first feminine treasury secretary | Janet Yellen

              January 26, 2021
              Wings Over Scotland | Venus and Mars

              Wings Over Scotland | Venus and Mars

              January 18, 2021

              Do not Miss Out on the Final Day of Ulta’s Skincare Sale: Take 50% Off PMD, Juice Magnificence & Extra! – E! On-line

              January 23, 2021

              Chinese language self-driving startup nets $154m in funding from state-backed fund

              January 25, 2021

              Inauguration Day 2021: Joe Biden And Kamala Harris Step Into Historical past — Dwell Updates

              January 21, 2021

              Japanese fusion reactor tools startup luggage $1m from Coral Capital, others

              January 19, 2021

              Covid linked to danger of psychological sickness and mind dysfunction, research suggests | Coronavirus

              January 25, 2021

              Jobs report exhibits 140,000 jobs had been misplaced in December. All of them had been held by girls

              January 9, 2021

              Atl Housewife Kenya Moore’ Husband: ‘I am Carried out’ Official Assertion!!

              January 25, 2021

              Steph and Ayesha Curry To Donate Books To Faculties In Oakland

              December 30, 2020

              Unacademy buys NeoStencil to finish 2020 with yr’s fifth acquisition

              December 30, 2020

              China’s new animal well being guidelines alone will not cease zoonotic outbreaks, consultants warn | China

              January 26, 2021

              Wings Over Scotland | In regardless of the reverse of memoriam is

              January 14, 2021

              SC rejects pleas looking for evaluation of 2018 Aadhaar verdict

              January 20, 2021

              ‘Bob Hearts Abishola’ Star Folake Olowofoyeku Explains How The Present Skillfully Connects Cultures

              January 19, 2021

              Video Leaks Exhibiting Capital Hill Officer BEATEN TO DEATH By Mob!!

              January 11, 2021
              Chill Crow News

              We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

              Categories

              • Business
              • Covid-19
              • Entertainment
              • Politics
              • Tech
              • World

              Recent News

              Livid Conflict Between Mark Drakeford And Andrew R. T. Davies

              Livid Conflict Between Mark Drakeford And Andrew R. T. Davies

              January 27, 2021

              ‘Monumental errors’ revamped dealing with of Covid, says Labour | World information

              January 27, 2021

              © 2020 Chill Crow News - All rights reserved by Chill Crow News.

              No Result
              View All Result
              • Home
              • Entertainment
                • Sports
              • News
                • Politics
                • World
              • Tech

              © 2020 Chill Crow News - All rights reserved by Chill Crow News.