Crude Oil Oil prices rose Tuesday on global supply concerns following U.S. sanctions on Iran’s oil exports. Brent crude futures settled at $ 81.87 a barrel, up 67 cents. WTI crude futures rose just 20 cents to settle at $72.28 a barrel. Brent hit $82.55 per barrel, its highest since Nov. 10, 2014 in continuation from Monday, but then retraced gains to settle just slightly higher after U.S. President Donald Trump called again on OPEC to…
Read MoreCrude Oil Brent crude jumped more than 3 percent on Monday to a four-year high above $80 a barrel after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by U.S. President Donald Trump for action to raise global supply. Brent crude futures settled $2.40 higher at $ 81.20 a barrel. WTI crude futures rose $1.30 to settle at $72.08 a barrel. Prices had cooled off on Friday after rumors of…
Read MoreCrude Oil Oil prices were up slightly in heavy, seesaw trading on Friday, giving back most earlier gains after news that major producers would consider additional supply a day after U.S. President Donald Trump again blasted the cartel. Brent crude futures settled 10 cents higher at $78.80 a barrel, WTI crude futures rose 46 cents to settle at $71.26 a barrel. Investors grappled with whether the Organization of the Petroleum Exporting Countries and non-OPEC producers…
Read MoreCrude Oil Oil prices eased on Thursday, pulling back after U.S. President Donald Trump urged OPEC to increase production at its meeting in Algeria. Brent crude futures fell 70 cents to settle at $78.70 a barrel, WTI crude futures fell 32 cents to settle at $70.80 a barrel. OPEC and other producers, including Russia, meet on Sunday in Algeria to discuss how to allocate supply increases to offset the loss of Iranian barrels. The meeting…
Read MoreCrude Oil U.S. oil futures surged nearly 2 percent on Wednesday as they were bolstered by a fifth weekly crude inventory drawdown and strong domestic gasoline demand amid ongoing global supply concerns over U.S. sanctions on Iran that come into force in November. While Brent crude futures rose 37 cents to settle at $79.40 a barrel, WTI crude futures rose $ 1.21 cents to settle at $71.12 a barrel. The WTI future expires today, so…
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