Crude Oil Oil prices were steady on Thursday as a new wave of coronavirus cases in Europe led several countries to reimpose travel restrictions. Brent crude rose 17 cents to settle at $41.94 a barrel. WTI crude settled up 38 cents at $40.31. Brent’s premium over WTI is at its smallest closing level since late May when WTI settled higher than Brent on one day. Crude oil processed by Indian refiners slipped 26.4% YoY,…
Read MoreCrude Oil Oil prices edged higher on Wednesday, supported by U.S. government data that showed crude and fuel inventories dropped last week. Brent crude rose 5 cents to settle at $41.77 a barrel. The WTI future for November settled up 13 cents to $39.93. While Brent crude fell 15 cents to settle at $43.15 a barrel, while WTI crude rose 14 cents to settle at $41.11 per barrel. U.S. business activity nudged down in September,…
Read MoreCrude Oil Oil prices settled slightly higher on Tuesday ahead of weekly U.S. inventory figures. Brent crude rose 28 cents to settle at $41.72 a barrel. The WTI future for October, which expires Tuesday, settled up 29 cents to $39.60. While Brent crude fell 15 cents to settle at $43.15 a barrel, while WTI crude rose 14 cents to settle at $41.11 per barrel. Libya’s NOC said it expected oil production to rise to 260…
Read MoreCrude Oil Oil prices were mixed on Friday. While Brent crude fell 15 cents to settle at $43.15 a barrel, while WTI crude rose 14 cents to settle at $41.11 per barrel. Both the U.S. and Brent crude benchmarks posted weekly gains after Saudi Arabia pressed allies to stick to production quotas. Brent rose 8.3% for the week while WTI gained 10.1%. Market sentiment fell on Friday after eastern Libyan commander Khalifa Haftar announced he…
Read MoreCrude Oil Oil prices rose more than 2% on Thursday, turning positive as OPEC and its allies said the producer group would crack down on countries that failed to comply with output cuts. Brent crude rose $ 1.08 to settle at $43.30 a barrel, while WTI crude rose 81 cents to settle at $40.97 per barrel. The panel of major producers, including Saudi Arabia and Russia, did not recommend any changes to their current output reduction…
Read More