Crude Oil Oil rose about 1% on Thursday, as the U.S. Senate approved a revamp of the NAFTA agreement between the US, Canada and Mexico. Brent futures gained 62 cents to settle at $64.62 a barrel. WTI crude rose by 71 cents to settle at $58.52 per barrel. The oil benchmark prices were also supported by a report from the Federal Reserve Bank of Philadelphia showing strong manufacturing activity in the U.S. Mid-Atlantic region and…
Read MoreCrude Oil Oil prices were down slightly on Wednesday, pressured early by data showing big increases in U.S. refined products. Brent futures lost 49 cents to settle at $64.00 a barrel. WTI crude fell 42 cents to settle at $57.81 per barrel. The US and China signed Phase 1 of their trade agreement yesterday. Under the agreement, China will buy $18.5 billion more in U.S. energy products in the first year and $33.9 billion in…
Read MoreCrude Oil Oil prices edged higher on Tuesday after five days of declines as the United States and China prepared to sign a preliminary trade deal. Brent futures gained 29 cents to settle at $64.49 a barrel. WTI crude rose 15 cents to settle at $58.23 per barrel. The expected signing of a Phase 1 U.S.-China trade agreement on Wednesday, marking a major step in ending a dispute that has cut global growth and dented…
Read MoreCrude Oil Oil continued to fall as perceptions of geopolitical risk fell further. Brent futures fell 78 cents to settle at $64.20 a barrel. WTI crude fell 96 cents to settle at $58.08 per barrel. The US Treasury Department on Monday dropped its designation of China as a currency manipulator days before top officials of the world’s two largest economies were due to sign a preliminary trade agreement to ease an 18-month-old tariff war. The…
Read MoreCrude Oil Oil fell below $65 a barrel on Friday in its first weekly loss since late November, erasing the week’s risk premium added since a U.S. drone strike killed a top Iranian general. Brent futures fell 39 cents to settle at $64.98 a barrel. WTI crude fell 52 cents to settle at $59.04 per barrel. For the week, Brent had a 5.3% loss and WTI had a 6.4% decline Investors also chose to focus…
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