Crude Oil Oil prices were mixed on Tuesday as concerns about global crude oil demand and uncertainty over the latest round of U.S.-China trade talks countered investor optimism around tightening supplies. Brent crude slipped 5 cents to settle at $66.45 a barrel, hovering below its 2019 high of $66.83 reached on Monday. U.S. crude was up 50 cents to $56.09 a barrel, its highest since November 2018. Traders were cautious about taking large new positions…
Read MoreCrude Oil Oil rose for a fifth day on Monday, on track for its strongest first quarter in eight years. Brent crude gained 16 cents to end the day at $66.41 a barrel. WTI crude rose 47 cents to $56.06 a barrel. The narrative of a positive end to the US China trade dispute still rules the waves with the OPEC + cuts acting as strong support to the same. The broader financial markets eased…
Read MoreCrude Oil Oil prices rose more than 2 percent to their highest this year on Friday after an outage at Saudi Arabia’s offshore oilfield boosted expectations for tightening supply. Brent crude gained $ 1.68 to settle at $66.25 a barrel. WTI crude rose $ 1.18 to settle at $55.59 a barrel. For the week, Brent ended more than 6 percent higher and WTI gained more than 5 percent. The partial closure of Saudi Arabia’s Safaniya,…
Read MoreCrude Oil Oil prices continued their March upwards with Brent reaching its highest levels for 2019 during the session. Brent crude gained 96 cents to settle at $64.57 a barrel. WTI crude rose 51 cents to settle at $54.41 a barrel. The trading session saw Brent crude futures make a new high for 2019 at $ 64.81 as markets continued to play the stock decline story along with prospects of a US China pact. Oil prices…
Read MoreCrude Oil Oil prices rose almost 2 percent on Wednesday as traders chose to focus on the sharp drop in Crude oil imports due to sanctions on Venezuela., and as lead member Saudi Arabia said it would reduce its output in March by an additional 500,000 barrels. Brent crude gained $ 1.19 to settle at $63.61 a barrel. WTI crude rose 80 cents to settle at $53.90 a barrel. Markets were primarily boosted by…
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