Crude Oil Oil ended lower on Wednesday after reports that Iran’s oil minister said divisions exist within the Organization of the Petroleum Exporting Countries, leading futures to give up earlier gains on OPEC-led production curbs and export cuts from Libya. Brent crude futures settled at $60.15 a barrel, down 5 cents on the day, while U.S. crude was down 50 cents at $51.15 a barrel. Crude pared gains late in the session after reports that…
Read MoreCrude Oil Oil futures edged higher on Tuesday after paring most of their gains as stock markets turned negative on worries about a possible U.S. government shutdown. After a strong start, Brent futures ended just 23 cents higher at $60.20 a barrel. WTI futures rose 65 cents to $51.65. U.S. stock markets pulled back after President Donald Trump threatened to shut down the federal government over funding for a wall along the U.S.-Mexico border. Prices…
Read MoreCrude Oil Oil fell nearly 3 percent on Monday, echoing the weakness in global stock markets as the focus returned to concerns about growth in demand and crude prices erased some of the gains made last week on an OPEC-led decision to cut output.. Brent crude oil fell $ 1.70 cents to settle at $59.97 / bbl. U.S. crude fell $ 1.61 to settle at $51.00 a barrel. Concerns about growth came to the forefront…
Read MoreCrude Oil Oil prices ended more than 2 percent higher on Friday after OPEC members and allies like Russia agreed to reduce output to drain global fuel inventories and support the market. Brent crude oil rose $ 1.61 cents to settle at $61.67 / bbl. U.S. crude rose $ 1.12 to settle at $52.61 a barrel. For the week, Brent rose around 5% while WTI gained 3.3%. Gains were capped by concerns that the cuts…
Read MoreCrude Oil Oil fell nearly 3 percent in choppy trading on Thursday after OPEC and its allies ended a meeting without announcing a decision to cut crude output. Brent crude oil fell $ 1.50 cents to settle at $60.06 / bbl. U.S. crude settled $ 1.40 lower at $51.49 a barrel. The volatility in the markets continued with Brent moving in a range of $58.42-$61.97 and WTI between $ 50.11-$53.28 /bbl. Saudi Energy Minister Khalid…
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