Crude Oil Oil prices fell more than 1% on Monday, erasing much of last week’s gains and tumbling alongside U.S. stocks on uncertainty over a trade deal between the United States and China. Brent crude futures settled at $62.44 a barrel, down 86 cents. WTI crude fell 67 cents to settle at $57.05 a barrel. Wall Street’s three main stock indexes also fell from last week’s record highs following a report that stoked concerns a…
Read MoreCrude Oil Oil futures gained nearly 2% on Friday as comments from a top U.S. official raised optimism for a U.S.-China trade deal. Brent crude futures gained $ 1.02 to settle at $63.30 a barrel. WTI crude rose 95 cents to settle at $57.72 a barrel. Both benchmarks posted their second straight weekly gain as Brent rose 1.3%, and WTI gained 0.8%. U.S. Commerce Secretary Wilbur Ross said in an interview on Fox Business Network…
Read MoreCrude Oil Oil prices eased on Thursday as U.S. crude futures were pressured by a build in domestic inventories and record production. Brent crude futures dipped 9 cents to settle at $62.28 a barrel. WTI crude fell 35 cents to settle at $56.77 a barrel. Investor sentiment nevertheless remained optimistic as OPEC forecast lower-than-expected oil surplus. OPEC Secretary General Mohammad Barkindo also said on Wednesday that there would likely be downward revisions of supply going…
Read MoreCrude Oil Oil prices edged up on Wednesday on positive economic comments from U.S. Federal Reserve Chair Jerome Powell. Brent crude futures rose 31 cents to settle at $62.37 a barrel. WTI crude rose 32 cents to settle at $57.12 a barrel. Powell said the U.S. economy would see a “sustained expansion” with the full impact of recent interest rate cuts still to be felt. OPEC also aid it saw no signs of global recession…
Read MoreCrude Oil Oil prices ended Tuesday little changed. Brent crude futures fell 12 cents to settle at $62.06 a barrel. WTI crude fell 6 cents to settle at $56.80 a barrel. Prices pared earlier gains after Trump’s remarks to a lunch gathering of The Economic Club of New York included mixed messages about U.S.-China trade talks and excluded specifics about any progress in negotiations. Trump said U.S. and Chinese negotiators were “close” to a “phase…
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