Crude Oil Oil futures had a mixed day on Thursday as markets still clung on to hopes about resolution in the US – China trade talks. Brent crude futures settled at $70.39 a barrel, just 2 cents higher. WTI crude futures, however, fell 42 cents to settle at $61.70 a barrel. Prices bounced off session lows after Trump said he received a “beautiful letter” from Chinese President Xi Jinping. Trump quoted the letter as saying:…
Read MoreCrude Oil Oil futures gained 1% on Wednesday, boosted by a surprise drawdown in U.S. crude stockpiles. Brent crude futures settled at $70.37 a barrel, up 49 cents. WTI crude futures rose 72 cents to settle at $62.12 a barrel. Washington, on Wednesday, also threatened to impose more sanctions on Iran ‘very soon’ and warned Europe against doing business with Tehran. China’s crude imports in April hit a record for the month, at 10.6 million…
Read MoreCrude Oil Oil prices closed at their lowest in over a month on Tuesday as renewed doubts over a U.S.-China trade deal stoked concerns over global growth. Brent crude futures settled at $69.88 a barrel, down $ 1.36. WTI crude futures fell 85 cents to settle at $61.40 a barrel. Yesterday’s settles were the lowest for Brent since April 4 and WTI since March 29. Prices crashed after U.S. trade rep, Lighthizer reiterated President Trump’s…
Read MoreCrude Oil Oil futures edged higher in volatile trade on Monday. Brent crude futures settled at $71.24 a barrel, up 39 cents. WTI crude futures rose 31 cents to settle at $62.25 a barrel. Prices touched a one-month low following U.S. President Donald Trump’s threat that he may raise tariffs on Chinese goods. Brent sank to $68.79 a barrel, its lowest since April 2. while WTI’s session low was $60.04 a barrel, the weakest since…
Read MoreCrude Oil Oil prices inched up on Friday as strong U.S. economic data boosted demand sentiment. Brent crude futures settled at $70.85 a barrel, up 10 cents. WTI crude futures rose 13 cents to settle at $61.94 a barrel. Brent shed 2.6% for the week, breaking a five-week winning streak. WTI crude futures lost about 3% percent during the week, its second straight weekly decline. A U.S. jobs report that showed growth surging in April…
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