Crude Oil Oil rose nearly 2 percent on Friday after proposed trade talks between the United States and China eased some fears about a global economic slowdown. Brent crude futures gained $1.11 to settle at $57.06 a barrel. WTI crude futures rose 87 cents to settle at $47.96 a barrel. Oil drew support from comments by China’s commerce ministry, which said Beijing would hold vice-ministerial trade talks with U.S. counterparts on Jan. 7-8. The news…
Read MoreCrude Oil Oil prices rose more than 1 percent on Thursday in volatile trade, drawing support from signs that Saudi Arabia is cutting crude output but pressured by concerns that slowing global economic growth could dent demand. Brent crude futures gained $1.04 to settle at $55.95 a barrel. WTI crude futures rose 55 cents to settle at $47.09 a barrel. Prices once again traded in a wide range, with Brent hitting a session high of…
Read MoreCrude Oil Oil prices rose about 2 percent in choppy trading on Wednesday. Brent crude futures gained $1.11 to settle at $54.91 a barrel. WTI crude ended $1.13 higher at $46.54 a barrel. Oil futures were buoyed by U.S. equity markets as major stock indices pared earlier losses.. Prices moved in a wide range today with Brent trading between $52.51 and $56.56. WTI hit a session low at $44.35 and high at $47.78. Oil futures…
Read MoreCrude Oil Oil prices ended with full-year losses for the first time since 2015although crude oil futures posted modest gains on Monday. Brent settled up 59 cents at $53.80 a barrel, while WTI settled 8 cents higher at $45.41 a barrel. For the year, U.S. West Texas Intermediate crude (WTI)futures slumped nearly 25 percent, while Brent tumbled more than 19.5 percent. But a desultory fourth quarter that saw buyers flee the market over growing worries about…
Read Morewishing all our readers a very happy and prosperous 2019 Crude Oil Oil prices steadied on Friday after a week of volatile trading ahead of the New Year holiday. Brent crude futures rose 4 cents to settle at $52.20 a barrel. WTI crude futures rose 72 cents to settle at $45.33 a barrel. Both benchmarks posted third straight weekly declines, with Brent losing about 3 percent and WTI nearly 0.4 percent. Crude prices were pushed…
Read More