There was no edition of the oil price digest on 5th and 6th September Crude Oil Oil prices rose above $61 a barrel on Friday after the head of the U.S. Federal Reserve said the central bank will act “as appropriate” to sustain an economic expansion. Brent crude futures settled 59 cents higher at $ 61.54 /bbl. WTI crude futures settled 22 cents higher at $56.52 /bbl. Brent posted its fourth consecutive weekly gain, rising…
Read MoreCrude Oil Oil prices fell on Tuesday, with U.S. crude futures down 2% after manufacturing data raised concerns about a weakening global economy. Brent crude futures settled 40 cents lower at $ 58.26 /bbl. WTI crude futures settled $ 1.16 lower at $53.94 /bbl. Prices extended losses following data that showed U.S. manufacturing activity in August contracted for the first time in three years. Separate data showed euro zone manufacturing activity contracted for a seventh…
Read MoreCrude Oil Oil prices weakened on Monday after new import tariffs imposed by the United States and China came into force, raising concerns about a further hit to global economic growth and demand for crude. Brent crude futures settled 59 cents lower at $ 58.66 /bbl. WTI crude futures were trading 33 cents lower at $54.77 /bbl. Activity was thin because of the U.S. Labor Day public holiday. Saudi Arabia on Monday named Yasir al-Rumayyan,…
Read MoreCrude Oil Oil futures fell on Friday, ahead of a hurricane near the Florida coast that could dampen demand. Brent crude futures settled 65 cents higher at $ 60.43 /bbl. WTI crude futures settled $ 1.61 cents lower at $55.10 /bbl. This week WTI gained by 1.7% and Brent by 1.8%, their highest weekly increase since early July, boosted by an easing of U.S.-China trade rhetoric. For the month of August, however, Brent posted a…
Read MoreCrude Oil U.S. oil futures rose 1.7% on Thursday, lifted by a deep draw on U.S. crude inventories, especially at the benchmark’s delivery hub due to increased demand with the start-up of two new West Texas pipelines. Brent crude futures settled 59 cents higher at $ 61.08 /bbl. WTI crude futures settled 93 cents higher at $56.71 /bbl. The approach of Hurricane Dorian toward Florida also raised fears that offshore U.S. crude producers may slow…
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