International Energy Agency downgrades forecast for oil demand in 2021

The rise in COVID-19 cases is slowing the recovery in oil demand.

Brent went up to $55.08 per barrel

Continued high rates of COVID-19 worldwide are impairing the outlook for oil demand.

Brent price went down to $54.56 per barrel

Traders are not very optimistic about the recovery in oil demand.

Brent price decreased to $56.16 per barrel

Benchmark oil prices declined on Friday despite expectations of new measures to support the US economy.

Brent price went up to $51.25 on data on declining US stocks

Since early December, oil prices went up by almost 6% due to investor optimism over the coronavirus vaccines onset.

Oil rises in price amid stocks decease in the US

Oil prices are rising amid the publication of data on a decrease in US stocks, strengthening investors' hopes for a recovery in demand.