Permainan judi slot online terbaik

slot hoki terpercaya

  • About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$24,107.00-0.86%
  • ethereumEthereum$1,897.38-1.81%
  • xrpXRP$0.372499-2.03%
  • bitcoin cashBitcoin Cash$137.08-1.54%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
    • Best Crypto Presales
    • Tamadoge
  • Autotrading
    • BitProfit
    • Bit Index AI
    • Metaverse Profit
    • Today Profit
    • Quantum Code
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • NFT Profit
    • Bitcoin Decoder
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

Oil Prices Rise On US Agreement To COVID-19 Plasma Treatment

John Wanguba by John Wanguba
August 24, 2021
in FX Industry
Reading Time: 3min read
oil price rise as the US authorize COVID-19 plasma treatment

Oil has been one of the worst-hit sectors by the rapid spread of COVID-19 since March. However, the industry has benefited after US President Donald Trump made a groundbreaking announcement. Crude oil prices climbed on August 24 after the president announced an emergency authorization for convalescent plasma to help in treating coronavirus patients.

At 0602 GMT the international benchmark Brent crude was trading at $45.01 per barrel. The price represented a 0.4% increase from the closing price on Friday at $44.80 a barrel. On its part, American benchmark West Texas Intermediate (WTI) was trading at $42.39 a barrel at the same time. That price represents a 0.11% increase after it ended last week at $42.34 per barrel.

One federal agency of the US Department of Health and Human Services, the Food and Drug Administration (FDA); has given a green light to the emergency use of antibody-rich blood plasma from COVID-19 survivors to treat other patients. The announcement was made by President Trump who is striving to find a cure before the November US presidential elections to support his bid for a second term.

What Might Push Oil Prices Higher

The Food and Drug Administration said in its statement that more than 70,000 American patients have so far been treated using the convalescent plasma.

Storms that are developing in the Gulf of Mexico and the Caribbean brought oil production to a halt on August 23 and supported price rises. Tropical Storm Laura and Hurricane Marco exploded through the Caribbean and Gulf of Mexico. They forced some of the energy companies to pull their workers from offshore platforms and shut down oil production entirely.

Most of the major oil companies including BP Plc, Chevron Corp., and Royal Dutch Shell Plc; were forced to shut down almost 58% of their offshore oil production in the Gulf and 45% of natural gas output. The affected region comprises 5% of US natural gas production and 17% of total US oil output.

The total number of COVID-19 cases worldwide has surpassed 23 million based on the latest data from Johns Hopkins University. While the US still tops the list with the most infected at 5.7 million as of August 24; Brazil has over 3.6 million cases while India follows with over 3.1 million cases.

If the plasma treatment works, most economies will reopen fully increasing oil demands, in turn, increasing the prices.

Like what you're reading? Subscribe to our top stories
Tags: brent oilCOVID-19crude oilcrude oil priceOilOil Demandoil marketoil priceOPECPresident Donald Trumpthe US

Related Posts

U.S. Reevaluates Steps On China Tariffs After Taiwan Response
News

U.S. Reevaluates Steps On China Tariffs After Taiwan Response

August 12, 2022
Wall Street Rally Boosted NASDAQ By 20% From Lows As Inflation Fears Subside
FX Industry

Wall Street Rally Boosted NASDAQ By 20% From Lows As Inflation Fears Subside

August 12, 2022
Global Economic Slowdown Fears Increase As Cost Of Living Bites Hard
Analysis

Global Economic Slowdown Fears Increase As Cost Of Living Bites Hard

July 27, 2022
Facebook Twitter Instagram Telegram RSS Youtube

Newsletter

Like what you're reading? Subscribe to our top stories
situs qq online terpercaya
probola
Menyajikan live score bola terkini
www.jamberrynails.net
adtoken.com
Agen bola
judi online slot
daftar judi slot terbaru
situs BandarQQ Online
Situs judi online Terpercaya
poker online
judi bola
slot pragmatic
situs judi bola
situs judi bola
pragmatic play
judi bola
Situs Slot TOS885

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • Crypto news
  • Analysis
  • Editors’ Choice
  • Entertainment
  • Press Releases
  • ICO
  • Wisdom
  • Coins List
  • Advertising
  • About FXTimes
    • Privacy Policy
    • Terms of Use
    • Donate

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.