Crude Oil Oil prices fell nearly 2 percent on Friday as investors worried about a global economic slowdown. Brent crude futures dropped $ 1.20 to settle at $60.48 a barrel. WTI crude futures fell 100 cents to settle at $51.59 a barrel. There would also have been an element of profit taking at the end of the week and even fortnight with the drop coming after a nine day winning streak as it were.…
Read MoreCrude Oil Crude prices edged higher on Thursday, supported by comments from the U.S. Federal Reserve chairman that lifted equity markets. Brent crude futures rose 24 cents to settle at $61.68 a barrel. WTI crude futures rose 23 cents to settle at $52.59 a barrel. Both Brent and WTI have posted a 9 day winning streak now, a phenomenon not since since September 2007 for Brent and 2010 for WTI. Having said that, the…
Read MoreCrude Oil Oil prices jumped about 5 percent on Wednesday to their highest levels in nearly a month as U.S.-China trade talks raised hopes of easing tensions between the world’s two largest economies. Brent crude futures rose $2.72 cents to settle at $61.44 a barrel. WTI crude futures rose $2.58 cents to settle at $52.36 a barrel. OPEC-led crude output cuts also provided support. The sharp gains extended a rally that has pushed futures…
Read MoreCrude Oil Oil prices rose more than 2 percent on Tuesday, supported by hopes that crude demand may rise more quickly if talks between U.S. and Chinese officials resolve the trade dispute between the world’s two biggest economies. Brent crude futures rose $1.39 cents to settle at $58.72 a barrel. WTI crude futures rose $1.26 cents to settle at $49.78 a barrel. In our opinion, the continuous rise of prices over the past several days…
Read MoreCrude Oil Oil prices edged higher on Monday, rebounding further from 1-1/2-year lows reached in December, on support from OPEC production cuts and steadying equities markets. Brent crude futures rose 27 cents to settle at $57.33 a barrel. WTI crude futures rose 56 cents to settle at $48.52 a barrel. Prices drew support from a Wall Street Journal report saying that Saudi Arabia is planning to cut crude exports to around 7.1 million barrels per…
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