Oil pumping jacks, also known as head donkeys, at an oil field of Rosneft Oil Co. near the village of Sokolovka, in the Republic of Udmurtia, Russia on Friday, November 20, 2020.
Andrey Rudakov | Bloomberg | Getty Images
Oil prices added to Tuesday’s overnight gains, supported as more US states eased lockdowns and the European Union sought to attract more travelers, which would help offset the weakening of the demand for fuel in India as COVID-19 cases skyrocket.
Brent futures were up 14 cents, or 0.2%, to $ 67.70 a barrel at 1:50 a.m. GMT, after climbing 1.2% on Monday.
U.S. West Texas Intermediate (WTI) crude futures also rose 14 cents, or 0.2%, to $ 64.63 a barrel, after gaining 1.4% on Monday.
Prices are supported by the prospect of a recovery in fuel demand in the United States and Europe, as New York State, New Jersey and Connecticut stood ready to ease the brakes on the pandemic and the European Union planned to open up to more foreign visitors who have been vaccinated, analysts said.
“This should boost vacation travel to coastal regions, as well as mobility in major cities,” analysts from ANZ Research said in a note.
For other signs of rising demand for oil in the United States, traders will watch for crude and commodity inventory reports from the American Petroleum Institute on Tuesday and the US Energy Information Administration on Wednesday.
Five analysts polled by Reuters estimated on average that U.S. crude inventories fell 2.2 million barrels in the week ending April 30. Oil inventories have risen over the previous two weeks.
Refinery utilization rate is expected to have increased 0.5 percentage points last week, from 85.4% of total capacity in the week ended April 23, according to the poll.
A weaker dollar, hit by an unexpected slowdown in US manufacturing growth, also helped support oil prices on Tuesday. The falling dollar makes oil more attractive to buyers holding other currencies.
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]