Crude Oil Oil prices fell on Thursday, retreating from an 8 percent rally in the previous session as the oil market focused on signs of faltering global economic growth and record production of crude. Brent crude futures dropped $2.31, to settle at $52.16 a barrel. WTI crude futures fell $1.61 to settle at $44.61 a barrel. Prices gave up half of yesterday’s gains. They had surged on Wednesday, tracking a spike on Wall Street after…
Read MoreCrude Oil Oil surged on Wednesday, posting its strongest daily gain in more than two years in a partial rebound from steep losses that pushed crude benchmarks to lows not seen since 2017. Brent crude futures rose $4.00 to settle at $54.47 a barrel. U.S. crude futures settled at $46.22 a up, down $3.69. Both marker crudes rose by over 8%. This was their largest one-day increase since Nov. 30, 2016, when OPEC signed a…
Read MoreCrude Oil Oil prices plunged more than 6 percent to their lowest level in more than a year on Monday, pulling back sharply late in the session as fears of an economic slowdown rattled the market. Brent crude futures settled down $3.35 at $50.47 a barrel. The market settled early ahead of the Christmas holiday. U.S. crude futures settled at $42.53 a barrel, down $3.06. U.S. crude futures and global benchmark Brent hit their lowest levels…
Read MoreCrude Oil Crude Oil prices fell on Friday to their lowest since the third quarter of 2017 as global oversupply kept buyers away from the market ahead of holidays over the next two weeks. Brent crude futures fell 53 cents to settle at $53.82 a barrel. WTI crude futures fell 29 to settle at $45.59 a barrel. Both contracts fell more than 11 percent in the week. Since reaching multi-year highs at the beginning of…
Read MoreCrude Oil Oil prices fell about 5 percent on Thursday, as worries about oversupply, outlook for energy demand and a U.S. interest rate rise knocked stock markets. Brent crude futures fell $2.89 to settle at $54.35 a barrel. WTI crude futures fell $2.29 to settle at $45.88 a barrel. U.S. stock markets continued their decline on Thursday, dragging oil prices lower. Brent made a session low of $ 54.28, its lowest price since mid September…
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