Crude Oil Oil prices edged higher on Monday as positive comments from the United States and China rekindled hopes in global markets that their trade war would end soon. Brent crude futures rose 26 cents to settle at $63.65 a barrel.. WTI rose 24 cents to settle at $58.01 a barrel. Prices were also supported by strong equity markets as the S&P 500 and the Nasdaq indexes climbed to new record highs on Monday. U.S.…
Read MoreCrude Oil Oil prices fell on Friday, pulling back from two-month highs as concern over U.S.-China trade talks overshadowed expectations of an extension to OPEC+ production cuts. Brent crude futures eased 58 cents to settle at $63.39 a barrel.. WTI fell 81 cents to settle at $57.77 a barrel, dropping from its session high of $58.74. After paring their gains, both benchmarks ended the week little changed. Uncertainty over whether the United States and China…
Read MoreCrude Oil Oil prices rose more than 2% on Thursday to the highest in nearly two months following a Reuters report that OPEC and its allies are likely to extend output cuts until mid-2020. Brent crude futures settled at $63.97 a barrel, up $ 1.57 cents. WTI crude also rose $ 1.57 to settle at $58.58 a barrel. WTI touched a session high of $58.67 a barrel, the highest since Sept. 23 and Brent climbed…
Read MoreCrude Oil Oil prices surged more than 2% on Wednesday after a better-than-expected U.S. crude inventories report. Brent crude futures settled at $62.40 a barrel, up $ 1.49 cents. WTI crude rose $ 1.90 to settle at $57.11 a barrel. Oil prices were also supported by comments from Russian President Vladimir Putin that Russia will continue cooperation under a global supply-curbs deal with the Organization of the Petroleum Exporting Countries (OPEC). Escalating Iran-related tensions also…
Read MoreCrude Oil Oil fell more than $1 a barrel on Tuesday on concerns about excess global crude supply and limited progress toward resolving the US-China trade dispute that has clouded the outlook for oil demand. Brent crude futures settled at $60.91 a barrel, down $ 1.55 cents. WTI crude fell $ 1.84 to settle at $55.21 a barrel. The US would raise tariffs on Chinese imports if no deal is reached with Beijing to end…
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