Intercontinental Exchange Inc (ICE): * ICE ANNOUNCES THAT A RECORD 18,848 MURBAN CRUDE OIL FUTURES CONTRACTS TRADED ON APRIL 20. * Intercontinental Exchange Inc (ICE) - 132,450 CONTRACTS TRADED IN TOTAL ON ICE FUTURES ABU DHABI SINCE LAUNCH Source text for Eikon: Further company coverage:
Fujairah Oil Industry Zone on Wednesday published the
following weekly inventory data for oil products for the week ended April 19, according to
industry information service S&P Global Platts.
Oil prices fell for a second day on Wednesday, heading for their biggest daily drop in more than two weeks and weighed down by concerns that surging COVID-19 cases in India will drive down fuel demand in the world's third-biggest oil importer. Brent crude futures for June declined $1.14, or 1.7%, to $65.43 a barrel at 1250 GMT.
Front Month Nymex Crude for May delivery lost 94 cents per barrel, or 1.48% to $62.44 today. --Largest one day dollar and percentage decline since Monday, April 5, 2021. --Down two of the past three sessions.
* Libya declares force majeure on Hariga port. * One year since WTI sank to minus $40.32 on massive glut. * Coming up: API oil inventory report, 2030 GMT. By Alex Lawler. Oil rose to $68 a barrel and hit its highest in a month on Tuesday, supported by disruption to Libyan exports and expectations of a drop in U.S. crude inventories, though rising coronavirus cases in Asia limited gains.
Crude futures settled lower on Tuesday, pulling back from one-month highs, on fears that India, the world's third-biggest oil importer, may impose restrictions as coronavirus infections and deaths surge to record highs. Oil prices have risen steadily this year on anticipation that demand would recover, but while the United States and China are rebounding, numerous other countries are not.
Front Month Nymex Crude for May delivery gained 25 cents per barrel, or 0.40% to $63.38 today. --Up five of the past six sessions. --Off 4.10% from its 52- week high of $66.09 hit Friday, March 5, 2021.
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 crude settled up 28 cents, or 0.4%, at $67.05 a barrel, after rising 6% last week. The U.S. dollar traded at a six-week low versus major peers on Monday, with Treasury yields hovering near their weakest in five weeks.
Front Month Nymex Crude for May delivery gained $3.81 per barrel, or 6.42% to $63.13 this week. --Largest one week net and percentage gain since the week ending March 5, 2021. --Up two of the past three weeks.
- In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.
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