Crude Oil Oil inched up on Thursday on rising tensions in the Middle East and signs of improving Washington-Beijing trade relations, but a strong U.S. dollar limited price gains. Brent crude futures settled at $66.25 a barrel, gaining 25 cents. WTI crude settled at $61.18, rising 12 cents.. Over the weekend, the U.S. military carried out air strikes against the Iran-backed Kataib Hezbollah militia group. This morning, a claim by the US that they have…
Read MoreCrude Oil Oil prices fell 1% on Tuesday, the last trading day of the teen years as thin trade for the year end amplified market moves. Brent crude fell 67 cents to settle at $66.00 a barrel. WTI crude fell 62 cents to settle at $61.06 a barrel. Price notched the biggest annual gain in three years, supported by a thaw in the prolonged U.S.-China trade war and ongoing supply cuts from major oil producers.…
Read MoreCrude Oil Oil prices continued to stay buoyant as traders keep a close watch on the Middle East following U.S. air strikes in Iraq and Syria. Brent crude settled 28 cents higher at $68.44 a barrel. WTI, however, fell 4 cents to $61.68 a barrel. For the year, Brent has risen around 27% in 2019, and WTI is up about 36%. China’s Dec’19 official manufacturing PMI remained stable month-on-month at 50.2 vs forecast of 50.1,…
Read MoreCrude Oil Oil prices continued to stay buoyant amid enthusiasm that the new year will show better economic prospects. Brent crude settled 24 cents higher at $68.16 a barrel. WTI, however, rose just 4 cents to $61.72 a barrel. Oil prices gained for the fourth consecutive week in the wake the optimism of the US China trade deal. U.S. stock indexes rose slightly on Friday, with the S&P 500 index close to logging its best…
Read MoreCrude Oil Oil prices were up about 1% to the highest in more than three months on Thursday as the year drew towards a close. Brent crude settled 72 cents higher at $67.92 a barrel, and WTI rose 57 cents to $61.68 a barrel. Both benchmarks were their strongest since Sept. 17. There was no sign of the Urals crude loading plan for January 2020 on Thursday, with sources saying that a stand-off over Russian…
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