Entries by Valor Energy Group

Oil jumps 3% in volatile session as Fed promises aggressive asset purchases to support markets

Oil jumped more than 3% on Monday as the Federal Reserved announced aggressive asset purchases to support markets. The central bank said it will continue to purchase Treasury securities and agency mortgage-backed securities Traders are hoping that this additional support will put a floor under oil prices     Read the full article here Source: […]

Brent, WTI Crude Rebound

Prices are rising for Brent and WTI crude. The gains follow steep losses and a warning on global demand from the International Energy Agency that says global demand is in “free fall.” Bloomberg’s Su Keenan reports on “Bloomberg Daybreak: Asia.” (Source: Bloomberg) Read the full article here Source: Bloomberg

Oil tops $60, settles near 3-month high

Oil prices rose slightly Monday on hopes energy demand will benefit from the trade deal between the United States and China. Brent crude oil futures rose 16 cents to $65.37 a barrel, while West Texas Intermediate crude rose 14 cents to settle near a three-month high of $60.21 a barrel.     Read the full article here Source: […]