Crude Oil Oil prices dipped on Wednesday ahead of a meeting of the world’s biggest exporters, who will discuss cutting output to help shore up prices and curb excess supply. Brent crude oil fell 52 cents to settle at $61.56 / bbl. U.S. crude settled down 36 cents to $52.89 a barrel. The markets are extremely volatile ahead of the OPEC meeting today which will determine if, and by how much, crude supply is to…
Read MoreCrude Oil Oil prices pared gains in volatile trade on Tuesday . Brent crude oil rose 39 cents to settle at $62.08, after earlier touching a session high of $63.58. U.S. crude settled up 30 cents at $53.25 a barrel. U.S. President Donald Trump made clear he would revert to tariffs on China if the two sides could not resolve their differences. The comments put a damper on market enthusiasm and a major selloff took…
Read MoreCrude Oil Oil prices jumped nearly four percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute and Canada’s Alberta province ordered a production cut, while exporter group OPEC looked set to reduce supply. February Brent futures rose $ 2.23 to settle at $61.69 a barrel. U.S. crude rose $ 2.02 to settle $52.95 a barrel. Within OPEC, Qatar said it will leave the producer club in…
Read MoreCrude Oil Oil prices edged lower on Friday due to concerns of oversupply and a strong dollar but losses were limited by expectations that the OPEC and Russia would agree some form of production cut next week. Front-month Brent futures fell 80 cents to settle at $58.71 a barrel, ahead of expiry. The more active February Brent crude futures lost 45 cents to settle at $59.46 a barrel. U.S. crude dropped 52 cents to $50.93…
Read MoreCrude Oil Oil reversed course and rose as much as 2 percent on Thursday, after industry sources said Russia had accepted the need to cut production, together with OPEC ahead of its meeting next week. Brent crude futures rose 75cents to settle at $59.51 a barrel. WTI crude settled $ 1.16 higher at $51.45 a barrel. Oil retreated from session highs after the U.S. Federal Reserve released minutes of the latest policy meeting showing interest…
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