Crude Oil Oil prices were mixed on Monday. Brent crude futures fell 34 cents to settle at $64.86 a barrel. WTI crude futures rose 45 cents to settle at $57.90 a barrel. Market concerns about the possibility of a conflict between the United States and Iran have eased. As a result, worries about declining crude demand have resurfaced. Hopes are waning for progress in Sino U.S. trade talks at this week’s G20 meeting as investors…
Read MoreCrude Oil Oil prices built on recent gains on Friday on fears any U.S. military attack on Iran would disrupt flows from the Middle East. Brent crude futures rose 75 cents to settle at $65.20 a barrel. WTI crude futures rose 80 cents to settle at $57.45 a barrel. U.S. President Donald Trump said on Saturday he would impose fresh sanctions on Iran but that he wanted to make a deal to bolster its flagging…
Read MoreCrude Oil Oil soared more than 5% on Thursday after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington. Brent crude futures rose $ 2.63 to settle at $64.45 a barrel. WTI crude futures rose $ 2.89 to settle at $56.65 a barrel. Expectations that the U.S. Federal Reserve could cut interest rates at its next meeting also supported prices. Brent’s premium over WTI narrowed to its…
Read MoreCrude Oil Oil futures were mostly steady on Wednesday as price support from a larger than expected decline in U.S. crude inventories was countered by a lull in equities. Brent crude futures settled at $61.82 a barrel, shedding 32 cents. WTI crude futures fell 14 cents to settle at $53.76 a barrel. Oil prices briefly turned positive after the EIA report. A nearly flat day on Wall Street however, limited oil prices, which often follow…
Read MoreCrude Oil Oil prices rose more than $1 a barrel on Tuesday after news that China and the United States were resuming trade talks. Brent crude futures lost $1.20 to settle at $62.14 a barrel. WTI crude futures rose $ 1.97 to settle at $53.90 a barrel. China confirmed its get together with US next week at the G20 in Japan. Fears of a confrontation between Iran and the United States have been downplayed by…
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