Crude Oil Oil prices pared most of the gains of the Asian morning as worries over supply persisted. Brent futures rose 32 cents to close at $ 65.06 / bbl. WTI crude futures rose 62 cents to settle at $59.09 a barrel. During the session, Brent touched an intraday high of $66.75 and WTI touched its highest in over five weeks at $60.28. The closed OPEC meeting lasted for more than six hours. Iran –…
Read MoreCrude Oil Oil prices fell on Friday as investors took profit at the end of the quarter and awaited direction from the G-20 summit in Japan. The Brent Sepemtber future fell 93 cents to close at $ 64.74 / bbl. The expiring Brent August future settled unchanged at $ 66.55/bbl. WTI crude futures fell 96 cents to settle at $58.47 a barrel. Brent posted a gain of more than 20% in the first half of…
Read MoreCrude Oil Oil prices ended marginally higher as markets await the outcome of the US-China summit meeting on Saturday. Brent crude futures rose 6 cents to settle at $66.54 a barrel. WTI crude futures rose 5 cents to settle at $59.43 a barrel. OPEC+ is expected to roll over a deal on cutting supplies at a meeting next week and discuss deepening the curbs, Iraq’s oil minister said. U.S. President Donald Trump has agreed to…
Read MoreCrude Oil Oil prices rose more than 2% on Wednesday after the DOE reported a huge drop in crude oil stocks accompanied with sizable drops in product stocks. Brent crude futures rose $ 1.44 to settle at $66.49 a barrel. WTI crude futures rose $ 1.55 to settle at $59.38 a barrel. U.S. gasoline futures were up 4% after climbing to their highest since May 23 in overnight trade. The crude inventory fall and refinery…
Read MoreCrude Oil Oil prices were mixed on Tuesday as well. Yesterday Brent crude futures rose 19 cents to settle at $65.05 a barrel. WTI crude futures fell 7 cents to settle at $57.83 a barrel. Oil prices were mixed on Tuesday ahead of data expected to show U.S. crude stocks declining, outweighing investors’ concerns that U.S. China trade tensions could dampen fuel demand. U.S. President Donald Trump threatened on Tuesday to obliterate parts of…
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