Crude Oil Oil prices hovered near six-month highs on Wednesday after data showed U.S. crude stockpiles surged to their highest levels since October 2017. Brent crude futures rose 6 cents to settle at $74.57 a barrel. WTI futures, however, fell 41 cents to settle at $ 66.89 a barrel. The United States must be prepared for consequences if it tries to stop Iran from selling oil and using the Strait of Hormuz, Iran’s foreign minister,…
Read MoreCrude Oil Oil prices hit their highest in about six months on Tuesday as markets pondered about OPEC + actions after the US announcements. Brent crude futures rose 47cents to settle at $74.51 a barrel. WTI futures rose $ 75 to settle at $ 66.30 a barrel. On Tuesday, Gulf OPEC members said that they were ready to raise output only if there was demand before offsetting any shortfall following a U.S. decision to end…
Read MoreCrude Oil Oil prices jumped more than 2 percent on Monday to a near six-month high after the United States announced a further clampdown on Iranian oil exports. Brent crude futures rose $ 2.07 cents to settle at $74.04 a barrel. WTI futures rose $ 1.70 to settle at $ 65.70 a barrel. Washington said it will eliminate in May all waivers allowing eight economies to buy Iranian oil without facing U.S. sanctions. U.S. Secretary…
Read MoreCrude Oil Crude prices edged up on Thursday as Jodi reported that Saudi Arabia’s Crude oil exports fell. Brent crude futures rose 35 cents to settle at $71.97 a barrel. WTI futures rose 24 cents to settle at $ 64.00 a barrel. Brent saw a weekly gain of 0.6 percent, marking the fourth consecutive weekly rise for the international benchmark. U.S futures gained just under 0.2 percent for the week, their seventh weekly gain in…
Read MoreCrude Oil Crude prices declined slightly on Wednesday as U.S. government data showed inventories drew down less than an industry report had suggested on Tuesday. Brent crude futures dipped 10 cents to settle at $71.62 a barrel. WTI futures fell 29 cents to settle at $ 63.76 a barrel. Brent crude rallied to its highest level this year early in the session, bolstered by an unexpected drop in U.S. crude inventories reported by the API…
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