Crude Oil Oil futures were up more than 1% on Thursday as a Saudi-led coalition launched air strikes in retaliation for recent attacks on its crude infrastructure. Brent crude futures settled at $72.62 a barrel, up 85 cents.. WTI crude futures settled at $62.87 a barrel, gaining 81 cents. The Saudi-led military coalition in Yemen carried out several air strikes on the Houthi-held capital Sanaa on Thursday after the Iranian-aligned movement claimed responsibility for drone…
Read MoreCrude Oil Oil futures inched up on Wednesday as the prospect of mounting tensions in the Middle East hitting global supplies overshadowed an unexpected build in U.S. crude inventories. Brent crude settled at $71.77 a barrel, gaining 53 cents. WTI crude futures settled at $62.02 a barrel, climbing 24 cents. Investors chose to give more importance to the immediate tensions going on in the Middle East and stay long rather than react to the implication…
Read MoreCrude Oil Oil prices rose over 1% on Tuesday after Saudi Arabia said explosive-laden drones launched by a Yemeni-armed movement aligned to Iran had attacked facilities belonging to state oil company Aramco. Brent crude futures gained $ 1.01 to settle at $71.24 a barrel. WTI crude futures rose 74 cents to settle at $61.78 a barrel. Saudi Arabia said armed drones had struck two oil pumping stations in the kingdom on Tuesday in what it…
Read MoreCrude Oil Oil futures fell on Monday as the negative turn in the U.S.-Chinese trade talks spooked investors. Brent crude futures settled at $70.23 a barrel, 39 cents lower. WTI crude futures fell 62 cents to settle at $61.04 a barrel. Oil prices earlier had risen more than $1 a barrel after Saudi Arabia said two Saudi oil tankers were among vessels attacked off the coast of the United Arab Emirates. It was unclear how…
Read MoreCrude Oil Oil prices were mostly steady on Friday as markets watched the US – China trade talks. Brent crude futures settled at $70.62 a barrel, 39 cents higher. WTI crude futures fell 4 cents to settle at $61.66 a barrel. Both Brent and WTI the week slightly lower, 0.4% and 0.5% respectively as trade tensions stoked by a U.S. move to hike tariffs on Chinese goods overshadowed the market. After a volatile week, investors…
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