Crude Oil Oil prices continued to rise in the absence of any fresh data. Brent crude settled 81 cents higher at $67.20 a barrel, and WTI rose 59 cents to $61.11 a barrel. The market also rose as U.S. President Donald Trump said on Tuesday he and Chinese President Xi Jinping will have a signing ceremony to sign the first phase of the U.S.-China trade deal agreed to this month. Russia has reduced its oil…
Read MoreCrude Oil Oil prices closed marginally higher amid thin trade ahead of the year end season. Brent crude settled 25 cents higher at $66.39 a barrel, and WTI rose 8 cents to $60.90 a barrel. Russian Energy Minister Alexander Novak said on Monday that the OPEC+ group may consider easing the output restrictions at its meeting in March. Non-OPEC global supply is expected to rise next year due to higher output from countries including the…
Read MoreCrude Oil Oil prices retraced on Friday in a bout of profit booking before the weekend and year end. Brent crude settled 40 cents lower at $66.14 a barrel, and WTI oil also fell 40 cents to $60.82 a barrel. For the week, Brent futures marked a rise of around 1.4% while WTI gained about 0.6%. The Russian Foreign Minister said on Sunday that the Nord Stream 2 and Turk Stream gas pipeline projects would…
Read MoreCrude Oil Oil prices continued to stay buoyant amid thin trade in light of the upcoming year end. Brent crude settled 37 cents higher at $66.54 a barrel, and WTI oil rose 29 cents to $61.22 a barrel. In a further sign of thawing relations between the US and China, China’s finance ministry on Thursday published a new list of six U.S. products that will be exempt from tariffs starting on Dec. 26. However, if…
Read MoreCrude Oil Oil prices stayed firm on Wednesday after U.S. government data showed a decline in crude inventories. Brent crude settled 7 cents higher at $66.17 a barrel, and WTI oil dropped 1 cent to $60.93 a barrel. Oil prices steadied and on expectations for an uptick in demand next year on the back of progress in resolving the U.S.-China trade fight. Brent futures gained 7 cents to settle at $66.17 a barrel while U.S.…
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