Crude Oil Oil prices climbed more than 1% on Friday ahead of long U.S. and UK holiday weekends, but posted the biggest weekly drop of the year. Brent crude futures rose 93 cents to settle at $68.69 a barrel. WTI gained 72 cents to settle at $ 58.63 a barrel. For the week, Brent notched a decline of about 4.5%. WTI declined 6.4%, its steepest since December. U.S. crude was pressured by climbing inventories, which…
Read MoreCrude Oil Oil prices plunged on Thursday, losing about 5% as trade tensions dampened the demand outlook. Brent crude futures settled $ 3.23 lower at $67.76 a barrel. WTI dropped $ 3.51 to settle at $ 57.91 a barrel. The expiring June settled at $62.99 a barrel, down 11 cents. Yesterday’s fall is biggest daily fall in six months. Prices are on course to complete the biggest weekly fall in six months as well. Oil…
Read MoreCrude Oil Oil prices fell about 2% as the DOE confirmed the build in stocks reported by the API. Brent crude futures settled at $70.99 a barrel, down $ 1.19. WTI settled $ 1.17 lower at $ 61.42 a barrel. The expiring June settled at $62.99 a barrel, down 11 cents. The rise in stocks compounded investor worries that a trade fight between Washington and Beijing could dent crude demand over the long haul. Additional…
Read MoreCrude Oil Oil prices had a mixed day after Saudi Arabia reiterated it would aim to keep the market balanced and try to reduce tensions in the Middle East. Brent crude futures settled at $72.18 a barrel, up 21 cents from Monday’s settle. The July WTI crude future, which becomes the front month today, settled 54 cents lower at $ 62.59 a barrel. The expiring June settled at $62.99 a barrel, down 11 cents. Oil…
Read MoreCrude Oil Oil prices on Monday rose to multi-week highs before easing later in the session as OPEC indicated it was likely to maintain production cuts that have helped boost prices this year. Brent crude futures settled at $71.97 a barrel, down cents from Monday’s settle. WTI crude futures settled at $63.10 a barrel, gaining 34 cents. Both contracts hit multi week highs during the day as Saudi Energy Minister Khalid al-Falih said on Sunday…
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