Crude Oil Oil prices fell more than 2% on Wednesday as demand concerns as also the impact of the virus started weighing more on investor’s minds. Brent crude futures fell $1.38 to settle at $63.21 a barrel. WTI crude futures fell $1.64 to settle at $56.74 a barrel. Prices extended losses in post-settlement trade on bearish API data. Deaths from the new flu-like virus in China have risen to 17 with more than 540 cases…
Read MoreCrude Oil Oil prices slumped on news of a new SARS like virus having reached the United States. Brent crude futures fell 20 cents to settle at $64.59 a barrel. WTI crude futures fell 20 cents to settle at $58.38 a barrel. Supply disruptions that have cut Libya’s crude production to a trickle have helped support prices for now. The International Monetary Fund (IMF) on Monday trimmed back its 2020 global economic growth forecasts by…
Read MoreCrude Oil Oil prices rose to their highest in more than a week on Monday as a response to the shutdown of Libyan oilfields. Brent crude futures rose 35 cents to settle at $65.20 a barrel. WTI crude futures rose 12 cents to settle at $58.66 a barrel. During the day, touched $66 a barrel, its highest since Jan. 9 WTI made a high of $59.73, the highest since Jan. 10. Foreign powers agreed at…
Read MoreCrude Oil Oil prices steadied on Friday as sluggish economic growth in China raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal. Brent crude futures rose 23 cents to settle at $64.85 a barrel. WTI crude futures rose 2 cents to settle at $58.54 a barrel. For the week, Brent fell 0.2%, while WTI lost 0.8%. Libyan state oil firm NOC has declared force majeure on oil exports…
Read MoreCrude Oil Oil rose about 1% on Thursday, as the U.S. Senate approved a revamp of the NAFTA agreement between the US, Canada and Mexico. Brent futures gained 62 cents to settle at $64.62 a barrel. WTI crude rose by 71 cents to settle at $58.52 per barrel. The oil benchmark prices were also supported by a report from the Federal Reserve Bank of Philadelphia showing strong manufacturing activity in the U.S. Mid-Atlantic region and…
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