Crude Oil Oil prices fell about 2.5 percent on Wednesday after U.S. crude inventories rose for the 10th straight week to the highest in a year, adding to worries about a worldwide supply glut. Brent crude futures ended $ 1.45 lower at $58.76 a barrel. WTI crude settled $ 1.27 lower at $50.29 a barrel. Selling picked up just prior to the market’s settlement, extending a sell-off that has cut prices by more than 30…
Read MoreCrude Oil Oil prices dipped on Tuesday after being positive for most of the day. Brent crude futures fell 27 cents to settle at $60.21 a barrel. WTI crude fell by 7 cants to close at $51.56 a barrel. Prices were weighed down by uncertainty over the U.S.-China trade war and signs of increased global crude production, but losses were limited by expectations that crude exporters would agree to cut output at an upcoming OPEC…
Read MoreCrude Oil Oil prices rose nearly 3 percent on Monday, clawing back some of last week’s steep losses, but gains were capped by uncertainty over global economic growth and further signs of increasing supply, including record Saudi production. Brent crude futures rose $1.68 to settle at $60.48 a barrel. WTI crude gained $1.21 to close at $51.63 a barrel. Supporting oil prices, U.S. stock markets broadly rallied as Cyber Monday, the largest online shopping day…
Read MoreCrude Oil Oil prices continued their collapse last week to reach their lowest level in more than a year, deepening a rapid seven-week sell-off, with surging supply and the specter of faltering demand scaring off investors. Brent crude futures lost $ 4.68 cents to settle at $58.80 a barrel. WTI crude futures fell $ 4.43 to settle at $50.42 a barrel. These are the lowest settles for both markers for at least13 months. For the…
Read MoreCrude Oil Oil prices gave up almost all of yesterday’s gains as markets began absorbing the impact of global oversupply. Brent crude futures lost 96 cents to settle at $63.52 a barrel. WTI crude futures fell 78 cents to settle at $53.85 a barrel. Trading was thin due to Thursday’s Thanksgiving holiday in the United States. Iran’s exports have dropped by several hundred thousand barrels per day this month, suggesting U.S. sanctions that kicked in…
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