Crude Oil Oil prices fell on Tuesday as some investors took profits on recent strong gains, but losses were limited the day after a U.S.-Mexico trade agreement eased worries about tensions between the two countries. Brent crude futures fell 26 cents to settle at $75.95 a barrel. The global benchmark touched $76.97 early in the session, the highest since July 11. WTIcrude futures fell 34 cents to settle at $68.53 a barrel. News that workers…
Read MoreCrude Oil Oil prices edged up on Monday, supported by a strengthening equities market and news that the United States and Mexico agreed to overhaul the North American Free Trade Agreement (NAFTA). Brent crude rose 39 cents to settle at $76.21 a barrel. WTI crude futures gained 15 cents to close at $68.87 a barrel. Members of an OPEC and non-OPEC monitoring committee found producers cut their July output by 9 percent more than called…
Read MoreCrude Oil Oil futures rose Friday, with the U.S. benchmark booking its first weekly gain in about two months. Brent crude oil rose $1.09, to $75.82 a barrel. U.S. light crude tacked on 89 cents to settle $68.72 a barrel. For the week, Brent gained 5.5% to snap a 3 week losing streak. WTI gained 4.2% for the week after seven consecutive weeks of declines. The oil market is likely to remain on edge about…
Read MoreCrude Oil Oil prices steadied on Thursday as the escalating trade war between the United States and China weighed on demand expectations a day after prices jumped on a big draw in U.S. crude inventories. Brent crude oil settled down 5 cents at $74.73 a barrel. U.S. light crude was 3 cents lower at $67.83 a barrel.. The U.S.-China trade dispute deepened, with the imposition of 25 percent tariffs on $16 billion worth of each…
Read MoreCrude Oil Oil prices rose 3 percent on Wednesday, with Brent crude futures hitting a three-week high, after a larger-than-expected draw in crude inventories and as Washington’s sanctions on Iran signaled tightening supplies. Brent crude futures rose $2.15 to settle at $74.78 a barrel. WTI futures rose $2.02 to settle at $67.86 a barrel. The market also reacted to news that more buyers are shying away from buying Iranian crude as sanctions will take effect…
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