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Oil prices rise on improving economic data

June 30, 2020

 368     328

Oil prices edged higher on Monday, after bullish data from Asia and Europe, but sharp spikes in new coronavirus infections around the world tempered gains.

Brent crude rose 30 cents, or 0.7 per cent, to $41.32 a barrel while US crude, West Texas Intermediate (WIT) rose 44 cents, or 1.1 per cent, to $38.93 a barrel.

The recovery of economic sentiment in the euro zone intensified in June with improvements across all sectors, European Commission data showed on Monday. Overall sentiment rose to 75.7 points in June from 67.5 in May, though still short of expectations.

In China, profits at industrial firms rose for the first time in six months in May, suggesting the country’s economic recovery is gaining traction.

But fears of a second wave of the pandemic are keeping prices from going higher. The death toll from COVID-19 surpassed half a million people on Sunday, according to a Reuters tally.

Some states in the United States have re-imposed restrictions after jumps in cases. California ordered bars to close on Sunday following similar moves in Texas and Florida. Washington state and the city of San Francisco have paused their reopening plans.

“Whilst these localised measures on their own are unlikely to see any major immediate impact on demand, they do highlight the significant risk to gasoline demand,” JBC Energy said.



Comments

Post by Tolexy on 03 July 2020, 17:05 pm

I for one doesn't believe that because it's so sudden


Post by Banzy on 03 July 2020, 16:59 pm

Nice update


Post by Esther2305 on 03 July 2020, 16:33 pm

Okay


Post by Percyblues on 03 July 2020, 16:20 pm

Nice


Post by joshuaade20 on 03 July 2020, 16:18 pm

Good


Post by Vera12 on 03 July 2020, 16:13 pm

Thanks


Post by ELVIS on 03 July 2020, 15:39 pm

Thanks for sharing


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Nice


Post by INOKETIM on 03 July 2020, 15:07 pm

Good


Post by Ganigold on 03 July 2020, 12:44 pm

Good


Post by Matthew on 03 July 2020, 12:35 pm

oil I very important..


Post by Kingarob on 03 July 2020, 12:21 pm

Ok


Post by Divine11164 on 03 July 2020, 12:18 pm

Ok


Post by Angelmeg on 03 July 2020, 12:12 pm

Okay


Post by Solomon55 on 03 July 2020, 11:58 am

Okay


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Nice one


Post by Finestjega on 03 July 2020, 11:20 am

Thank you


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Ok


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Ok


Post by Ilemene on 03 July 2020, 11:03 am

Thanks so much guys kudos to you guys Thanks for the information contained in this writing


Post by drip_cyndy on 03 July 2020, 10:42 am

Brent crude rose 30 cents, or 0.7 per cent, to $41.32 a barrel while US crude, West Texas Intermediate (WIT) rose 44 cents, or 1.1 per cent, to $38.93 a barrel.


Post by max509 on 03 July 2020, 10:39 am

Thanks for the update


Post by Afolabi005 on 03 July 2020, 09:50 am

Okay


Post by Fkaycollection on 03 July 2020, 09:46 am

Ok


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okay


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k


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Nice


Post by Inemesit on 03 July 2020, 08:44 am

Good


Post by Ecko on 03 July 2020, 08:33 am

Dangers


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Ok


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great


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Good


Post by Clara73 on 03 July 2020, 08:14 am

Ok


Post by meccyme on 03 July 2020, 07:36 am

really.hope hope for better result


Post by Ugu on 03 July 2020, 07:16 am

Good update


Post by Haybest on 03 July 2020, 06:44 am

Good update


Post by Ogbonna on 03 July 2020, 06:37 am

Good


Post by Gimmy22 on 03 July 2020, 06:37 am

Okay


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It will be very hard


Post by Promise91 on 03 July 2020, 05:25 am

Nice


Post by Davinic on 03 July 2020, 04:39 am

Nice


Post by Esimmy on 03 July 2020, 02:19 am

Okay


Post by Skybi-lee on 03 July 2020, 02:16 am

Nice


Post by Samtimti on 03 July 2020, 02:13 am

Hmm


Post by Ehizrespect on 03 July 2020, 02:11 am

Fantastic


Post by KingsleyUdo on 03 July 2020, 01:35 am

Too expensive


Post by Ella123 on 03 July 2020, 00:58 am

It will be really hard tho


Post by Queeniebleez on 03 July 2020, 00:53 am

Gid


Post by Benejila on 02 July 2020, 23:58 pm

Ok


Post by Nicole10 on 02 July 2020, 23:54 pm

Amazing


Post by Excel on 02 July 2020, 23:37 pm

Thanks for the update


Post by Chigozie99 on 02 July 2020, 22:49 pm

Okay


Post by KDA on 02 July 2020, 22:38 pm

Ok


Post by Ben-brown on 02 July 2020, 22:23 pm

Could this really work


Post by Fortune212 on 02 July 2020, 22:21 pm

Price that was risinig before


Post by Gojason on 02 July 2020, 22:16 pm

In China, profits at industrial firms rose for the first time in six months in May,


Post by Zanteli on 02 July 2020, 21:49 pm

Big rise


Post by Realtim on 02 July 2020, 21:24 pm

Thanks for the update


Post by Kelly kelvin on 02 July 2020, 21:12 pm

Interesting


Post by Soft on 02 July 2020, 20:44 pm

Okay


Post by Fk on 02 July 2020, 20:35 pm

But fears of a second wave of the pandemic are keeping prices from going higher


Post by Samtimti on 02 July 2020, 19:50 pm

Good


Post by omalemicky on 02 July 2020, 19:44 pm

Good news


Post by Annie on 02 July 2020, 18:30 pm

Ok


Post by Pheezco001 on 02 July 2020, 17:26 pm

Thanks for the update


Post by Christy on 02 July 2020, 16:50 pm

the operations of such


Post by Sam111 on 02 July 2020, 16:21 pm

Nice information


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Thanks for the information


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Ok


Post by Chuky on 02 July 2020, 15:34 pm

used for commercial charter.


Post by Sammy225 on 02 July 2020, 15:00 pm

Nice information


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Good


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Ok


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Ok


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Ok


Post by Fkaycollection on 02 July 2020, 14:09 pm

Ok


Post by Alexboy on 02 July 2020, 13:50 pm

Ok


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Ok


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Ok


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Thanks for the information


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KK


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ok


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Okay


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Thanks for the information


Post by Khunley02 on 02 July 2020, 11:30 am

Okay


Post by Hawesome1 on 02 July 2020, 11:22 am

Increase in oil prices is not the solutuon


Post by Kingarob on 02 July 2020, 10:55 am

Nice


Post by ItzFavour on 02 July 2020, 10:52 am

Good one


Post by Major on 02 July 2020, 10:27 am

Ok


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k


Post by Sweet peace on 02 July 2020, 10:03 am

That's a good change indeed


Post by Sodiano20 on 02 July 2020, 09:53 am

Thanks for the information


Post by Ugu on 02 July 2020, 09:52 am

Its good improvement but we will overcome the fear of covid 19 pandemic together


Post by Ifechukwu Charles on 02 July 2020, 09:49 am

Update


Post by INOKETIM on 02 July 2020, 09:45 am

Good


Post by Akudoazubuike on 02 July 2020, 09:40 am

Its good improvement but we will overcome the fear of covid 19 pandemic together


Post by Hasiya on 02 July 2020, 09:28 am

Good


Post by Damilola_1 on 02 July 2020, 08:45 am

Good


Post by solowealth 1 on 02 July 2020, 07:57 am

OK


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Nice one


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Good


Post by Davinic on 02 July 2020, 03:33 am

Alright


Post by Philip01 on 02 July 2020, 03:11 am

Alright


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Good


Post by KingDave on 02 July 2020, 01:32 am

Alright


Post by Phamous on 02 July 2020, 01:10 am

Very important


Post by Omotolani on 02 July 2020, 01:05 am

The recovery of economic sentiment in the euro zone intensified in June with improvements across all sectors, European Commission data showed on Monday. Overall sentiment rose to 75.7 points in June from 67.5 in May, though still short of expectations.


Post by Mafhau on 02 July 2020, 01:05 am

Thanks for keeping me up to date with news happening around me


Post by Excel on 02 July 2020, 00:42 am

Thanks for the update


Post by Princemega on 02 July 2020, 00:30 am

It's well


Post by MUNBLERA on 02 July 2020, 00:23 am

Ok


Post by Bologi001 on 01 July 2020, 23:57 pm

Nice


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Good update


Post by Oladunni on 01 July 2020, 23:36 pm

Ok


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Amazing


Post by Naza76 on 01 July 2020, 23:04 pm

Very bad


Post by Davidomeiza on 01 July 2020, 22:44 pm

Okay


Post by mustaphatg on 01 July 2020, 22:16 pm

The recovery of economic sentiment in the euro zone intensified in June with improvements across all sectors, European Commission data showed on Monday. Overall sentiment rose to 75.7 points in June from 67.5 in May, though still short of expectations.


Post by Igochemelish on 01 July 2020, 22:02 pm

Ok


Post by Eagle13579 on 01 July 2020, 21:48 pm

Ok


Post by BOYCLYNT on 01 July 2020, 21:30 pm

Good Good


Post by EmmanuelAnebi on 01 July 2020, 20:47 pm

K


Post by Governor ThankGod on 01 July 2020, 20:11 pm

Good


Post by Hasiya on 01 July 2020, 19:31 pm

Ok


Post by Judenice on 01 July 2020, 19:18 pm

Price fuel rise to $41 is nice.


Post by Juliet nice on 01 July 2020, 19:08 pm

Okay


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Good


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Nice


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Good


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Good


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Ok


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Ok


Post by solowealth 3 on 01 July 2020, 17:00 pm

Ok


Post by Sirbest on 01 July 2020, 16:55 pm

Cool


Post by Aguero1 on 01 July 2020, 16:15 pm

Oil has helped our economy greatly. we pray for more rice


Post by Vanvickram on 01 July 2020, 15:17 pm

k


Post by Yung Nicki on 01 July 2020, 15:13 pm

Nice


Post by Jessy Parker on 01 July 2020, 15:09 pm

Oil has helped our economy greatly


Post by Joyoluchi on 01 July 2020, 14:55 pm

Ok


Post by Abusi on 01 July 2020, 14:08 pm

Ok


Post by Abecco01 on 01 July 2020, 13:53 pm

Oil is coming up again soon


Post by Ayomi on 01 July 2020, 13:37 pm

Nice work


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Ok


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Ok


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Okay


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Nice information


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Updated


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So sad


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Awesome


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Okay


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ok


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Ok


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Okay


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Good


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Ok


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Thanks for the update


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Thanks


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Thanks for the detailed information


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Thanks for the detailed information


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Nice


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Good


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Good update, thanks


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Ok


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Nice


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Nice


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Nice update


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Thanks for update


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Thanks


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Interesting


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Let the looting begin


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Ok


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Okay


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Ok


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OK


Post by Ibnjinni on 01 July 2020, 07:42 am

There shouldn't be hike in crude oil prices


Post by Solonzon on 01 July 2020, 07:40 am

GOOD


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Wow


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Good


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Fine


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ok


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Fine


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Fine


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Interesting


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God will help us


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Its well


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Nice j


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Ok


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Alright


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Great


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Okay


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Okay


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This is importantly impressive


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Okay


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Nice update


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Nice update


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Ok


Post by Spides on 01 July 2020, 01:47 am

Kk


Post by Rhymzo123 on 01 July 2020, 01:43 am

In China, profits at industrial firms rose for the first time in six months in May, suggesting the country’s economic recovery is gaining traction


Post by Anitajude on 01 July 2020, 01:43 am

Brent crude rose 30 cents, or 0.7 per cent, to $41.32 a barrel while US crude, West Texas Intermediate (WIT) rose 44 cents, or 1.1 per cent, to $38.93 a barrel.


Post by Ebuka2002 on 01 July 2020, 01:34 am

Thanks for the update


Post by gizobwoi on 01 July 2020, 01:29 am

Good


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Good


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Good


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Nice


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Good


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Interesting


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Okay


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That's not quite good


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Okay


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Thanks


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okay.


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Good


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OK


Post by Nicole10 on 30 June 2020, 23:55 pm

Amazing


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Ok


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That's good


Post by Laura2love on 30 June 2020, 23:48 pm

Okay


Post by Oyeyemiezekiel1313 on 30 June 2020, 23:21 pm

Oil prices edged higher on Monday,


Post by Regimented on 30 June 2020, 23:13 pm

Good


Post by Amusan4 on 30 June 2020, 23:03 pm

It is well


Post by Queeniebleez on 30 June 2020, 23:00 pm

Gud


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Good


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Thanks for the information


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Ok


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Nice


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Okay


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Thanks for the update


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Great news


Post by Abu Muiz on 30 June 2020, 22:24 pm

good


Post by hulahronke63 on 30 June 2020, 22:22 pm

Ok


Post by Cchinonso on 30 June 2020, 22:22 pm

Oil prices edged higher on Monday,


Post by Pelumi502 on 30 June 2020, 22:00 pm

Nice


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Ok


Post by Senator90 on 30 June 2020, 21:52 pm

That's obvious


Post by Thomas on 30 June 2020, 21:50 pm

Nice


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Thanks so much guys kudos to you guys Thanks guys for the information contained in this writing


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That's bad


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Great


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The best revealing information so far


Post by Flashykid on 30 June 2020, 20:54 pm

Good idea


Post by subosco on 30 June 2020, 20:53 pm

That great.. I hope it all goes on well


Post by Godwin08 on 30 June 2020, 20:49 pm

OK


Post by Mukthar7 on 30 June 2020, 20:45 pm

Okay


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Hmmm


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Good to know


Post by harunaishola on 30 June 2020, 20:10 pm

Information is power thanks for the update


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Okay


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Thanks for keeping me update


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Nice one thanks for the information


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Ok


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Nice update


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interesting


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Wow Interesting article


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Thanks for the update


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Good


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Great information


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Very interesting


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Hmm. Informative


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Thanks for the update


Post by Eagle13579 on 30 June 2020, 19:18 pm

Ok


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Interesting


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Ok


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Thanks for the information


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Wow Interesting article


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Thanks for the update


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Ok


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Ok


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Thanks for the information


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Nice


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Thanks for the update


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Good update


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Good to know there


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Ok


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Good


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Okay


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Update noted


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Nice


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Kk


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Alright


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Ok


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ok


Post by folakemikelly on 30 June 2020, 17:08 pm

It is well


Post by Fitznevo on 30 June 2020, 16:59 pm

Hmmm


Post by Adio on 30 June 2020, 16:40 pm

ok


Post by Wisdom4God on 30 June 2020, 16:33 pm

God help us. Our Paramount Source of economy development is dwindling


Post by Zeet on 30 June 2020, 16:21 pm

Good


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Nice one


Post by LupitaK2020 on 30 June 2020, 16:07 pm

okay that's good news


Post by Presido234 on 30 June 2020, 16:04 pm

Okay


Post by Ujunwa12345 on 30 June 2020, 16:02 pm

ok


Post by Slowzzy62 on 30 June 2020, 16:01 pm

It doesn't sound good to me


Post by Mose35 on 30 June 2020, 15:39 pm

In China, profits at industrial firms rose for the first time in six months in May, suggesting the country’s economic recovery is gaining traction


Post by Emmanuel16 on 30 June 2020, 15:38 pm

Price oil's


Post by Adeyemi00009 on 30 June 2020, 15:33 pm

Hmmm


Post by Ire Alabi on 30 June 2020, 15:33 pm

Good


Post by Olamilekan1234 on 30 June 2020, 15:23 pm

Okay


Post by Oluwasegun1 on 30 June 2020, 15:14 pm

ok


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Okay


Post by Babsnoble on 30 June 2020, 15:04 pm

Ok


Post by Gina on 30 June 2020, 15:01 pm

Cool


Post by Rhymzo123 on 30 June 2020, 14:59 pm

In China, profits at industrial firms rose for the first time in six months in May, suggesting the country’s economic recovery is gaining traction.


Post by Kingarob on 30 June 2020, 14:56 pm

Really?


Post by Ebuka2002 on 30 June 2020, 14:55 pm

Thanks for the info


Post by Regina on 30 June 2020, 14:53 pm

The death toll from covid-19 surpassed half a million people on sunday this is serious


Post by Spides on 30 June 2020, 14:49 pm

Kk


Post by Tigerlove22 on 30 June 2020, 14:43 pm

Cool


Post by Adeboye on 30 June 2020, 14:39 pm

Hmm may God help us for Niger


Post by Sammy42 on 30 June 2020, 14:38 pm

“Whilst these localised measures on their own are unlikely to see any major immediate impact on demand, they do highlight the significant risk to gasoline demand,” JBC Energy said.


Post by Chiwest on 30 June 2020, 14:32 pm

Nice one


Post by BOYCLYNT on 30 June 2020, 14:29 pm

Good


Post by Faith714 on 30 June 2020, 14:28 pm

Everything will return to normalcy soon


Post by Ekemeziefide on 30 June 2020, 14:26 pm

Cool


Post by Velah on 30 June 2020, 14:26 pm

Is well


Post by Sandra24 on 30 June 2020, 14:23 pm

God help us


Post by Ayobami70 on 30 June 2020, 14:15 pm

Okay


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Cool


Post by Nnamdi on 30 June 2020, 14:01 pm

Ok


Post by Amagoodness on 30 June 2020, 13:59 pm

Fine


Post by Jennychizzy on 30 June 2020, 13:59 pm

Fine


Post by ojekunle on 30 June 2020, 13:57 pm

Ok


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