Crude Oil All was quiet on the Western Front as the title of the movie went. Brent futures settled just one cent lower at $73.06 / bbl. WTI settled 37 cents lower at $ 67.89 /bbl While the change for the day was minimal, Brent prices rose to as high as $ 74.50/bbl while WTI touched $ 69.31 /bbl. The battle between impact of Iran sanctions and potential oversupply thus continued between buyers and sellers. …
Read MoreCrude Oil Oil prices rose on Friday as the market is seeking to find new levels for oil prices in the wake of all the uncertainty of the last week. Brent futures gained 49 cents to settle at $73.07 / bbl. WTI settled $ 1.00 /bbl higher at $70.43 /bbl. However, this could be ascribed to the expiring future which could be beset with delivery issues. The more active September future gained just 2 cents…
Read MoreCrude Oil Brent crude dipped on Thursday as concerns about mounting supply returned after a brief rally earlier in the session on comments that Saudi Arabia’s exports would fall in August. Brent futures fell 32 cents, to settle at $72.58 per barrel, previously reaching a session high of $73.79. WTI settled 70 cents higher, or 1 percent, settling at $69.46. WTI had reached a session high of $70.17 earlier in the session before paring gains. . Crude…
Read MoreCrude Oil Oil prices rose on Wednesday after U.S. government data indicated bullish demand for gasoline and distillates, which overshadowed a surprise build in U.S. crude inventories Brent crude futures rose 74 cents to settle at $72.90 a barrel, after hitting a session low of $71.19 a barrel. WTI crude futures rose 68 cents to settle at $68.76 a barrel.. Monday’s fall was triggered by the indroduction of a “NOPEC” legislation by the US which would allow…
Read MoreCrude Oil Crude oil futures steadied on Tuesday as the focus turned to falling inventories in the United States and further output constraints in Venezuela and Libya. Brent futures rose 32 cents to $72.16 a barrel, after earlier trading as low as $71.35 a barrel, its lowest level since April 17. West Texas Intermediate crude (WTI) settled up 2 cents at $68.08 a barrel. Supply disruptions in Venezuela returned to the forefront as two of the country’s four crude…
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