Crude Oil Oil prices rose about 1% on Friday as an increase in U.S. jobs eased some financial market concerns that a slowing global economy could dent oil demand. WTI crude settled at $52.81 a barrel, up 36 cents. Brent crude settled up 66 cents at $58.37 a barrel. Brent futures fell 5.7% for the week, its biggest weekly drop since July. WTI lost 5.5% for the week, also its steepest fall since July. U.S.…
Read MoreCrude Oil U.S. crude futures were slightly lower on Thursday, drawing some support from the stock market after earlier touching nearly two-month lows on weak economic data. WTI crude settled at $52.45 a barrel, down 19 cents. Brent crude settled up 2 cents at $57.71 a barrel. Even as U.S. crude pared losses late in the day, crude futures have found lower lows in each of the last eight sessions. During the session, both benchmarks…
Read MoreCrude Oil Oil prices fell more than 2% on Wednesday after official data showed a rise in U.S. crude inventories. Brent futures settled $1.20 lower at $ 57.69 a barrel. WTI crude fell 98 cents to settle at $52.64/bbl. Wall Street’s main indexes tumbled more than 2% as data suggested fallout from the U.S.-China trade war was hurting the U.S. labor market. World equity benchmarks hit their lowest levels in a month. U.S. crude inventories…
Read MoreCrude Oil Oil futures sank on Tuesday as weak U.S. economic data dimmed crude’s demand outlook and pressured prices. Brent futures settled 36 cents lower at $ 58.89 a barrel. WTI crude fell $ 1.84 to settle at $54.07/bbl. Oil pared some losses in post-settlement trade after American Petroleum Institute (API) data showed crude stocks unexpectedly fell last week by 5.9 million barrels, compared with analysts’ expectations for an increase of 1.6 million barrels. U.S.…
Read MoreCrude Oil Oil prices fell on Monday on fading concerns of supply shortfalls and conflicts in the Middle East. The front Brent future (which expires today) dropped $1.13 cents to settle at $60.78 a barrel. The December future, which becomes front month today, settled at $ 59.25 /bbl. WTI crude fell $ 1.84 to settle at $54.07/bbl. For the month, Brent gained 0.6% while WTI fell 1.9% in an extremely volatile September thanks to the…
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