Crude Oil Oil prices held near flat on Tuesday as the market wavered on expectations the United States and China could reach a trade agreement. Brent crude futures gained 19 cents to settle at $65.86 a barrel. U.S. crude, however, settled 3 cents lower at $56.56 a barrel. Investors also weighed OPEC-led efforts to tighten crude supply against the restart of Libya’s biggest oilfield and the prospect of weaker demand from China. Libya’s NOC had…
Read MoreCrude Oil Oil futures recovered around 1% and the US and China appeared closer to ending a trade war. Brent crude futures gained 60 cents to settle at $65.07 a barrel. U.S. crude gained 79 cents to settle at $56.59 a barrel. Gains were tempered by a drop in equity indexes, which weakened sentiment on oil markets. Russia, the biggest non-member ally of the OPEC, plans to speed up crude output cuts this month, Energy…
Read MoreCrude Oil Oil futures settled sharply lower on Friday, as declines in the U.S. ISM manufacturing index, which came on the heels of underwhelming Chinese factory activity, fed worries over a potential slowdown in energy demand. Brent crude futures gave up $ 1. 24 to settle at $65.07 a barrel. U.S. crude tumbled $1.42 to settle at $55.80 a barrel. Despite hitting their highest levels since mid-November this week, Brent futures ended the week 3.3…
Read MoreCrude Oil Brent oil fell while U.S. crude futures steadied on Thursday as U.S.-China trade tensions persisted. Brent crude futures ended the session 36 cents to settle at $66.03 a barrel. The more active May Brent contract fell 27 cents to settle at $66.31 a barrel. U.S. crude rose 28 cents to settle at $57.22 a barrel. For February, U.S. crude gained 6.4 percent while Brent crude rose 6.6 percent. Both Chinese and Indian economies…
Read MoreCrude Oil Oil futures gained about 2 percent on Wednesday after U.S. crude inventories unexpectedly plummeted. Brent crude futures rose $1.18 to settle at $66.39 a barrel. U.S. crude rose $ 1.44 to settle at $56.94 a barrel. Saudi Energy Minister Khalid al-Falih said that OPEC and its partners were already “taking it easy” in response to a tweet from Trump on Monday, who told the group to “relax” on production cuts. Falih said the…
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