Crude Oil Oil prices rose nearly 2 percent on Tuesday as attention centered on geopolitical factors tightening supplies that are leading to falling exports from Venezuela. Brent crude oil futures settled at $67.97 a barrel, up 76 cents, while U.S. crude rose $1.12 to $59.94 a barrel. Venezuela’s main oil export port of Jose and its four crude upgraders have been unable to resume operations following a massive power blackout on Monday, the second in…
Read MoreCrude Oil Oil prices were mixed on Monday, as concerns about a slowdown in global economic growth lingered, offset by the prospect of tighter U.S. crude supply. Brent crude oil futures settled at $67.21 a barrel, up 18 cents, while U.S. crude fell to $58.82 a barrel, down 22 cents. Oil prices took a hit last week after cautious remarks by the U.S. Federal Reserve and weak factory data from the United States, Europe and…
Read MoreCrude Oil Oil fell about 2 percent on Friday as grim manufacturing data from Germany and the U.S. reignited fears of a slowdown in the global economy and oil demand.. Brent crude settled 83 cents lower at $67.03 a barrel. WTI crude futures fell 94 cents to settle at $59.04 a barrel. For the week, Brent dropped around 0.2%, but WTI gained 0.9%. Wall Street’s main indexes tumbled between 1 and 2 percent on Friday…
Read MoreCrude Oil Crude prices retraced nearly 1% on Thursday. Brent crude settled 64 cents lower at $67.86 a barrel. WTI crude futures gave up 25 cents to settle at $59.98 a barrel. The market found some support in bullish U.S. employment figures. The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to still strong labor market conditions, though the pace of job growth has slowed after last year’s…
Read MoreCrude Oil Crude prices marked new four month highs as DOE data showed huge draws in crude stocks in the US. Brent crude settled 89 cents higher at $68.50 a barrel. WTI crude futures gained 80 cents to settle at $59.83. The more active second month WTI future settled at $ 60.23 a barrel, up 94 cents. Prices rose after the U.S. Energy Information Administration posted a large and unexpected drop in crude inventories due…
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