A stronger dollar and an inventory report indicating lower-than-expected U.S. crude and gasoline stocks backed oil prices on Wednesday. Brent futures futures added 85 cents, or 1.1%, to close at $79.28 a barrel. WTI crude rose by $0.18, or 0.3% to settle at $71.49 a barrel.
read more... 17/05/2018
Oil prices hiked on Monday due to forecasts for higher prices on gasoline and consumer goods. Brent futures rose $1.3, or 1.7%, to end at $76.17 a barrel. WTI crude surged by 1.5% to settle at $70.73 a barrel, for the first time above $70 level since late 2014.
read more... 08/05/2018
Israel's energy minister declared that the country aims to phase out coal and eliminate gasoline and diesel fuel by 2030.
read more... 01/03/2018
Oil prices continued to decline on Wednesday after official data showed a larger-than-predicted hike in U.S. crude inventories and an unexpected rise in gasoline stocks. Brent crude was down 85 cents, or 1.3%, at $65.78 a barrel. WTI futures ended 2.2% lower at $61.64 a barrel.
read more... 01/03/2018
Oil prices slumped for a second consecutive day on Wednesday, as a decline in U.S. crude stockpiles was counterbalanced by a larger-than-forecast increase in gasoline inventories and as U.S. crude production continued to grow to record peaks. Brent crude ended down 1.4 percent, or 90 cents, at $62.44 a barrel. U.S. West Texas Intermediate crude settled down 54 cents at $56.60 a barrel, a 1 percent decline.
read more... 14/12/2017