Crude Oil Oil prices plunged about 5 percent on Tuesday to two-month lows as a sell-off in global equity markets raised worries about demand growth and after Saudi Arabia said it could supply more crude quickly if needed, easing concerns ahead of U.S. sanctions on Iran. Brent crude futures fell $3.39, to settle at $76.44 a barrel after plunging to $75.88, the lowest since Sept. 7. U.S. crude ended the session at $66.43 a barrel,…
Read MoreCrude Oil Oil futures were little changed on Monday after paring earlier losses despite Saudi Arabia’s pledge to raise crude production to a record high. Brent crude futures gained 5 cents to settle at $79.83 a barrel. WTI crude also gained 5 cents to settle at $69.27 a barrel. Saudi Energy Minister Khalid al-Falih told Russia’s TASS news agency that his country had no intention of unleashing a 1973-style oil embargo on Western consumers, but…
Read MoreCrude Oil Oil prices retraced their losses on Friday as traders wanted to square positions on the weekend. Brent crude futures settled 40 cents higher at $79.78 a barrel. WTI crude also recovered 57 cents to settle at $69.22 a barrel. For the week, Brent lost around 0.8%. WTI lost a lot more i.e. 3.1%. WTI has moved into contango on Thursday for the first time since May 22. On Friday, front-month U.S. crude futures…
Read MoreCrude Oil Oil prices fell on Thursday as investors’ concerns returned to the impact an escalating trade row between China and the United States will have on oil demand growth and data showing ample supplies. Brent crude futures settled 76 cents lower $79.29 a barrel. WTI crude lost $1.10 to settle at $68.65 a barrel. This is the first time Brent has settled under $ 80 / bbl since 24th September. WTI too settled at…
Read MoreCrude Oil Oil prices fell on Wednesday, with U.S. futures settling below $70 a barrel for the first time in a month, after U.S. crude stockpiles rose 6.5 million barrels, almost triple what markets had forecast, while exports dropped. Brent crude futures dropped $ 1.36 to settle at $80.05 a barrel. WTI crude futures fell $2.17 to settle at $69.75 a barrel. Volume was above average on Wednesday, with more than 627,000 U.S. crude contracts…
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