Crude Oil Crude Oil Futures rose on Monday after weeks of decline as Markets grew more concerned about an expected fall in supply from Iran due to US sanctions and worried less that a trade war between US and China would hurt economic growth. Brent crude futures rose 28 cents to settle at $72.21 a barrel. WTI futures rose 52 cents to end at $66.43 a barrel. On Monday, Iran asked the European Union to…
Read MoreCrude Oil Crude prices rose on Friday, but declined on the week on worries that oversupply would weigh on the U.S. market while trade disputes and slowing global economic growth would dampen demand for oil.. Brent crude oil futures settled 40 cents higher at $71.83 a barrel, while U.S. crude futures rose 45 cents to $65.91 a barrel. For the week WTI futures fell 2.5%. This is the 7th weekly loss in a row making this…
Read MoreCrude Oil Oil rose slightly as global markets steadied on Thursday, recovering some of the previous day’s 2 percent slide, though a weakening outlook for crude demand kept prices in check. Brent crude oil futures settled 67 cents higher at $71.43 a barrel, while U.S. crude futures rose 45 cents to $65.46 a barrel. Earlier, U.S. crude had hovered around its 200-day moving average of $65.18 a barrel, an important technical benchmark. Moving below that level…
Read MoreCrude Oil A sizeable build in crude and distillate stocks in the weekly DOE report sent prices tumbling by over 2%. Brent crude dipped $1.70 to settle at $70.76 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell $ 2.03 to close at $65.01 a barrel. The trade war has effectively been impacting trade and, as a consequence arguably, economic growth. World trade volume growth peaked in January, and since then has nearly…
Read MoreCrude Oil After staying in strongly positive territory for most of the day, oil prices gave up all their gains on Tuesday, weighed down by a strengthening U.S. dollar as investors remained concerned about the financial crisis in Turkey. Brent crude dipped 15 cents to settle at $72.46 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 16 cents to close at $67.04 a barrel. The closure in the red assumes significance in light…
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