Crude Oil Oil prices dropped more than 1 percent on Tuesday on signs of rising supply and concern that global economic growth and demand for fuel will fall victim to the U.S.-China trade war. Brent crude futures fell $1.43 cents to settle at $75.91 a barrel. U.S. crude settled 86 cents lower at $66.18 a barrel. U.S. President Donald Trump said on Monday he thinks there will be “a great deal” with China on trade…
Read MoreCrude Oil Oil prices edged lower on Monday, with futures on track for the worst monthly performance since mid-2016, after Russia signaled that output will remain high and as concern over the global economy fueled worries about demand for crude. Brent crude futures fell 28 cents to settle at $77.34 a barrel. U.S. crude settled 55 cents lower at $67.04 a barrel. Brent was on track to drop about 6.6 percent for the month. U.S.…
Read MoreCrude Oil Oil prices continued their recovery as traders closed positions over the weekend. Brent crude futures rose 78 cents to settle at $77.66 a barrel. U.S. crude settled 26 cents higher at $67.59 a barrel. This gain notwithstanding, crude prices slumped for the third week in a row, with Brent declining 2.7% and WTI losing 2.2%. The factors that the market will be looking for are more or less the same i.e. the impact…
Read MoreCrude Oil Oil prices rose 1 percent on Thursday following the U.S. stock market higher. Brent crude futures rose 72 cents to settle at $76.89 a barrel. U.S. crude settled 51 cents higher at $67.33 a barrel. Also lifting prices were comments by Saudi Arabia Energy Minister Khalid Al-Falih, who said there could be a need for intervention to reduce oil stockpiles after increases in recent months. Saudi Arabia’s OPEC governor said on Thursday the…
Read MoreCrude Oil Oil prices had a mixed day on Wednesday after several days of weakness as a much bigger-than-expected draw down in U.S. gasoline and diesel inventories augured a seasonal increase in refining demand. Brent crude futures fell 29 cents to settle at $76.15. U.S. crude , however, ended the session 39 cents higher at $66.82 a barrel. However, traders remain concerned about worldwide demand, and that weakness in global equities would also reduce buying…
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