Crude Oil Oil prices rose more than 2 percent on Tuesday after U.S. crude oil production in 2019 was forecast to grow at a slower rate than previously expected, prompting supply concerns. Brent crude oil rose $1.69 to settle at $79.06 a barrel. WTI crude futures settled $ 1.71 higher at $69.25 a barrel. Washington has told its allies to reduce imports of Iranian oil and several Asian buyers, including South Korea, Japan and…
Read MoreCrude Oil Oil prices were mixed on Monday, pulling back from an early rally after data suggested U.S. crude inventories might build, weighing on the market. Brent crude oil rose 54 cents to $77.37 a barrel after touching a session high of $77.92 a barrel. WTI crude futures settled down 21 cents at $67.54 a barrel. OPEC will discuss long-term cooperation in Algeria later this month, according to Russia’s energy minister. He added that…
Read MoreCrude Oil Oil prices were steady on Friday, with U.S. crude slipping on weak global equity markets while Brent inched up on geopolitical factors, including violent protests in Iraq. U.S. Brent crude futures settled up 33 cents at $76.83 a barrel. WTI crude futures settled down 2 cents at $67.75 per barrel. For the week, U.S. crude lost almost 3 percent, while Brent was down 0.8 percent. Speculators raised their bullish bets on U.S. crude…
Read MoreCrude Oil Crude futures continued their downward trend, falling a further 1 percent on Thursday after U.S. data showed gasoline inventories rose unexpectedly last week, overshadowing a bullish drawdown in crude. Brent crude futures fell 77 cents to settle at $76.50 a barrel. WTI crude futures fell 95 cents to settle at $67.77 a barrel US said it would consider waivers for Iranian oil buyers, on the condition that they eventually halt imports. Secretary of State Mike…
Read MoreCrude Oil Oil prices fell more than one percent on Wednesday after a U.S. Gulf storm weakened and moved away from oil-producing areas and as concerns mounted about global trade disputes and Turkey’s currency crisis hurting demand. Brent crude futures fell 90 cents to settle at $77.27 a barrel. WTI crude futures fell $1.15 to settle at $68.72 a barrel Crude prices had jumped on Tuesday as oil companies shut dozens of offshore platforms in anticipation…
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