Crude Oil Oil futures rose slightly on Tuesday after news that OPEC planned to persist with production cuts. Brent crude futures rose 45 cents to settle at $65.21 a barrel. U.S. crude ended just 2 cents higher at $55.50 a barrel. Trump’s tweet calling for OPEC to ease its efforts to boost oil prices apparently fell on deaf years as OPEC said that it would stick to its agreement and push for more adherence from…
Read MoreCrude Oil Oil futures tumbled more than 3 percent on Monday in their largest daily percentage drop this year after U.S. President Donald Trump called on OPEC to ease its efforts to boost crude prices, which he said were “getting too high.” Brent crude futures fell $2.36 to settle at $64.76 a barrel. U.S. crude ended $1.78 lower at $55.48 a barrel. The comments triggered a selloff that halted momentum from Friday’s session, when both…
Read MoreCrude Oil Oil prices touched their highest since mid-November on Friday and posted weekly gains for the second week in a row, boosted by hopes that U.S.-China trade talks would soon produce a deal. Brent crude settled 5 cents higher at $67.12 a barrel. WTI futures settled 30 cents higher at $57.26 a barrel. Brent gained 1.2 percent on the week. WTI recorded a 3-percent weekly rise and reached its strongest settlement price of 2019.…
Read MoreCrude Oil Crude prices once again held firm, although they dropped marginally in the face of bearish DOE data. Brent crude settled just one cent lower at $67.07 a barrel. The April WTI contract settled 20 cets lower at $56.96 a barrel. Nigeria said on Wednesday it was prepared to reduce its oil output after supplies from the OPEC member rose in January. Washington and Beijing have started to outline commitments in principle on the…
Read MoreCrude Oil Crude prices rose more than 1 percent on Wednesday to their highest level this year after signs of progress on US China trade talks emerged and strengthened equity markets on Wednesday. Brent crude rose 63 cents to settle at $67.08 a barrel. U.S. crude was up 83 cents at $56.92 a barrel. The more active April contract settled at $57.16, up 71 cents. API Data The API data, coming out a day later…
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