Crude Oil Oil prices, after having a roller coaster ride during the day, ended little changed on Tuesday, as energy infrastructure on the U.S. Gulf Coast braced for a hurricane, but gains were capped as a stronger dollar and report of rising stockpiles at the Cushing, Oklahoma hub weighed. Brent crude , which traded on Monday, was ended 2 cents firmer to settle at $78.17 a barrel, down from a session high of $79.72. WTI…
Read MoreCrude Oil Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November, but gains were limited by higher supply from OPEC and the United States. Brent crude oil settled up 51 cents at $78.15 a barrel. WTI, being closed, did not mark a settle. The two benchmarks have risen strongly over the last two weeks with Brent gaining more than 10 percent on expectations…
Read MoreCrude Oil Oil prices declined on Friday but had done enough during the week to ensure a second consecutive weekly rise. The Brent November future, which becomes front month today, declined 38 cents to settle at $77.64/bbl. WTI settled 45 cents lower at $69.80 /bbl. For the week Brent gained 2.1% while WTI gained 1.6%. Prices also showed a monthly gain after two consecutive declines of 4.3% and 1.5% for Brent and WTI respectively. Fears…
Read MoreCrude Oil Oil prices rose on Thursday to the highest in more than a month, extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a fall in U.S. inventories. Brent crude oil rose 63 cents a barrel to settle at $77.77. WTI settled 74 cents higher at $70.25 a barrel, after earlier hitting a session high of $70.50. Both contracts were at their highest in more than one…
Read MoreCrude Oil Oil prices rose more than 1 percent on Wednesday supported by a drawdown in U.S. crude and gasoline stocks and reduced Iranian crude shipments. Brent crude jumped $1.19 to settle at $77.14, after touching $77.41, its highest since July 11. U.S. oil settled 98 cents higher at $69.51 a barrel, after touching $69.75, its highest since Aug. 7. In Venezuela, where production has halved since 2016, the state-run oil firm PDVSA said on…
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