Crude Oil Oil prices held at near four-month highs on Monday as markets continued to stay uncertain about the impact of OPECs decision on crude supplies. Brent crude settled 7 cents higher at $67.61 a barrel. WTI crude futures eased 6 cents to settle at $59.03. Both benchmarks weakened after Bloomberg reported U.S. officials were concerned Beijing was pushing back against Washington’s demands during trade talks, lowering hopes for a resolution to the tariff war…
Read MoreCrude Oil Oil prices rose to near four-month highs on Monday as OPEC decided that the production cut will stay in place till June and not be reviewed in April. Brent crude settled 38 cents higher at $67.54 a barrel. WTI crude futuregained gained 57 cents to settle at $59.09 a barrel after hitting a 4 month high at $ 59.23. Saudi Arabia, on Sunday, signaled that producers may need to extend the 1.2 mbpd…
Read MoreCrude Oil U.S. crude futures eased slightly on Friday as worries about the global economy and robust U.S. production put a brake on prices.. Brent crude settled 7 cents lower at $67.16 a barrel. WTI crude futures fell 9 cents to settle at $58.52 a barrel. U.S. crude ended the week 4.1 percent higher, and Brent was up 1.9 percent. The International Energy Agency said on Friday that the market could show a modest surplus…
Read MoreCrude Oil Oil prices were mixed on Thursday as traders started booking profits. Brent crude settled at $67.23 a barrel, a drop of 32 cents. WTI crude futures rose 35 cents to settle at $58.61 a barrel. During the day Brent hit a high of $68.14 per barrel before traders started selling. Despite Thursday’s dips, crude has gained around a quarter in value since the start of the year. T Holding crude back crude prices…
Read MoreCrude Oil Oil futures rallied about 2 percent on Wednesday as U.S. crude inventories unexpectedly fell. Brent crude futures rose 88 cents to settle at $67.55 a barrel. WTI crude futures rose $1.32 to settle at $58.26 a barrel. Both benchmarks settled at their highest levels since mid-November. Prices were also boosted by the EIA reducing the forecast levels of crude oil supply growth. Exports from Venezuela’s main oil terminal have been stranded as its…
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