Crude Oil Oil futures rose more than 1 percent on Tuesday on signs that OPEC would not be prepared to raise output to address shrinking supplies from Iran, and as Saudi Arabia signaled an informal target near current levels. Brent crude futures rose 98 cents to settle at $79.03 a barrel, while WTI crude futures fell 94 cents to settle at $69.85 a barrel. Bloomberg reported on Tuesday, citing unnamed Saudi sources, that the kingdom…
Read MoreCrude Oil Oil prices were little changed on Monday as the market weighed deepening trade tension between the U.S. and China that is expected to dent global crude demand and potential supply tightening due to Iran sanctions. Brent crude futures dipped 4 cents to settle at $78.05 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 8 cents to settle at $68.91 a barrel. Crude futures retreated as EIA reported that October shale…
Read MoreCrude Oil Oil prices settled mixed on Thursday. Brent crude fell 9 cents to settle at $78.09 a barrel. WTI crude futures settled 40 cents higher at $68.99 a barrel. For the week, Brent gained around 1.6% while WTI gained 1.8%. Oil traders are likely to stay focused on potential disruptions to global crude supplies in the upcoming week, as looming U.S. sanctions on Iran are widely expected to lead to a tighter market. Countering that is…
Read MoreCrude Oil Oil prices fell more than 2 percent on Thursday, with Brent slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand even as supply tightens. Brent crude fell $ 1.56 cents to settle at $78.18 a barrel. WTI crude futures settled $1.78 lower at $68.59 a barrel. The market tumbled early in the session as investors focused on the bearish elements of…
Read MoreCrude Oil Oil futures rose on Wednesday, with Brent reaching $80 a barrel, after a larger-than-expected drop in U.S. crude inventories and as U.S. sanctions on Iran added to concerns over global oil supply. Benchmark Brent crude futures rose 68 cents to settle at $79.74 a barrel. The global benchmark earlier reached $80.13 a barrel, its highest level since May 22. WTI crude futures rose $1.12 to settle at $70.37 a barrel, a one-week high. …
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