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 Prices have jumped nearly 2.5% with September Brent trading at $ 66.30 at the time of writing. This jump has come on the back of two events over the weekend namely, the agreement of US and China to resume talks and the agreement of OPEC + to extend production cuts. We shall take a look at both events in a little more detail and examine their impact on global prices US – China trade…
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 MoreOur views on the current uptick in gasoil cracks were quote in the article below on Reuters today. For our full view Click Here
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