Crude Oil Oil futures were steady on Thursday after several days of extremely strong and volatile moves. Brent futures fell 5 cents to settle at $65.37 a barrel. WTI crude fell 5 cents to settle at $59.56 per barrel, its lowest close since Dec. 12. During European trading hours Iranian media carried reports of military commanders speaking of further action aimed at expelling U.S. troops from the region. The US House of Representatives passed a…
Read MoreCrude Oil Oil futures fell more than 4% on Wednesday in a wild swing, soaring close to a four-month high in early trade on an Iranian rocket attack on U.S. forces in Iraq before retreating as the countries quickly ratcheted back tensions. Brent futures fell $2.83, or 4.2%, to settle at $65.44 a barrel, their lowest close since Dec. 16. WTI crude fell $3.09, or 4.9%, to settle at $59.61 per barrel, its lowest close…
Read MoreCrude Oil Oil prices fell almost 1% on Tuesday after traders recalibrated the impact of the US attacks. Brent crude futures settled at $68.27 a barrel, easing 64 cents. WTI crude settled at $62.70, falling 57 cents. Prices also fell despite higher compliance among the OPEC on meeting production quota curbs aimed at reducing supply. OPEC members pumped 29.5 million bpd last month, down 50 kbpd from November’s revised figure. This morning, crude prices have…
Read MoreCrude Oil Oil prices steadied on Monday after Brent touched above $70 a barrel on rhetoric from the United States, Iran and Iraq that fanned tensions in the Middle East. Brent crude futures settled at $68.91 a barrel, gaining up 31 cents. WTI crude settled at $63.05, rising 22 cents. Brent spiked to a a high of $70.74 a barrel from Friday’s settlement on the back of a lot of rhetric from the US, Iran…
Read MoreCrude Oil Oil prices jumped to the highest level in more than three months on Friday after the United States killed a top Iranian military commander in Iraq, sparking fears that escalating conflict in the region could disrupt global oil supplies. Brent crude futures settled at $68.60 a barrel, gaining $2.35. WTI crude settled at $63.05, rising $1.87. An air strike at Baghdad airport killed Major-General Qassem Soleimani, architect of Iran’s spreading military influence in…
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