Crude Oil Oil prices jumped about 3 percent on Friday on signs of progress in ending the U.S. China trade war. Brent crude was up $1.52 to settle at $62.70 a barrel. WTI crude futures added $1.73 to settle at $53.80 a barrel. The futures benchmarks posted their third straight week of gains, rising about 4 percent since the close since the previous Friday. After ending 2018 in free fall, oil is off to its best…
Read MoreCrude Oil Oil prices were slightly lower on Thursday as the market awaited future directonal signals. Brent crude fell 14 cents to settle at $61.18 a barrel. U.S. crude futures settled 24 cents lower at $52.07 a barrel.. U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for Jan. 30, the Wall Street Journal reported on Thursday, citing people familiar…
Read MoreCrude Oil Oil prices edged higher on Wednesday, buoyed by a U.S. equity market rally, but gains were limited by data showing growing U.S. refined product inventories and record crude production. Brent crude rose 68 cents to settle at $61.32 a barrel. U.S. crude futures settled 20 cents higher at $52.31 a barrel.. Crude prices took heart from Wall Street’s main indices hitting a one month high as also a statement from Russia’s deputy energy minister…
Read MoreCrude Oil Oil prices rose about 3 percent on Tuesday, along with world stock markets, supported by China’s plan to introduce policies to stabilize a slowing economy. Brent crude rose $1.65 to settle at $60.64 a barrel. U.S. crude futures ended $1.60 higher at $52.11 a barrel.. China’s National Development and Reform Commission offered some support on Tuesday, signaling it might roll out more fiscal stimulus. The market also found support in news that the…
Read MoreCrude Oil Oil prices fell a further 2 percent and more on Monday, pressured by data showing weakening imports and exports in China that raised new worries about a global economic slowdown hurting crude demand. Brent crude futures lost $1.49 to settle at $58.99 a barrel. WTI crude futures fell $1.08 to settle at $50.51 a barrel. Technology shares pulled Wall Street lower, after an unexpected drop in China’s exports in December re ignited worries…
Read More