Crude Oil Oil prices rose on Wednesday despite data showing rising U.S. inventories, holding within sight of three-year highs reached the previous day on geopolitical tensions including the prospect of fresh sanctions on Iran.. Brent crude oil futures settled 14 cents higher to settle at $74.00 /bbl, while U.S. crude futures gained 35cents to settle at $ 68.05 /bbl. French President Emmanuel Macron forcefully challenged many of the U.S. president’s policies during a visit to Washington, saying…
Read MoreCrude Oil Oil prices retraced as fears about the US reimposing sanctions on Iran receded. Brent crude oil futures gave up 85 cents to settle at $73.86 /bbl, while U.S. crude futures receded 94 cents to settle at $ 67.70 /bbl. Macron said the two leaders discussed three new elements to the deal, which will include a longer ban on Iran’s ability to develop nuclear weapons, limits on its ballistic missile testing and stopping its other…
Read MoreCrude Oil Oil prices flared after reports of further rebel activity emerged from Houthi adding fears of geo political uncertainty. Brent crude oil futures gained 65 cents to settle at $74.71 /bbl, while U.S. crude futures rose 24 cents to settle at $ 68.64 /bbl. Oil prices tumbled early on fears that oversupply could return. Iran’s oil minister Bijan Zanganeh said there would be no need to extend a pact between the Organization of the Petroleum…
Read MoreCrude Oil Oil prices continued to rise, even as US President Trump protested that oil prices were artificially increased. Brent crude oil futures gained 28 cents to settle at $74.06 /bbl, while U.S. crude futures rose 7 cents to settle at $ 68.36 /bbl. Trump had taken to Twitter early Friday to blame OPEC for “artificially high” prices. OPEC ministers, however, were quick to respond to Trump’s tweet, according to news reports, with Saudi energy minister Khalid al-Falih…
Read MoreCrude Oil Oil prices hit highs not seen since 2014, built on the ongoing drawdowns in global supply and as Saudi Arabia looks to push prices higher, though U.S. crude gave back gains in the afternoon to finish lower.. Brent crude oil futures gained 30 cents to settle at $73.78 /bbl, while U.S. crude futures fell 18 cents to settle at $ 68.29 /bbl. This fall however, may be due to the expiring WTI contract. OPEC…
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