Crude prices diverged slightly on Tuesday. On one side, prices were supported by OPEC-led supply cuts OPEC. On the other side, rising U.S. output put pressure on the market. Brent crude edged 0.1% higher at $67.61 a barrel, while WTI crude traded 0.1% lower at $59.03 a barrel.
read more... 20/03/2019
Oil prices diverged on Thursday. Brent crude decreased by 0.5% to 64.23 USD/bbl, as lower Industrial output data in China and political uncertainty around the prospect of a delayed Brexit weighed on prices. WTI futures rose by 0.6% to 58.61 USD/bbl, supported by an expected decline in U.S. crude inventories and output, as well as by U.S. sanctions on Venezuela and Iran.
read more... 15/03/2019
Oil prices rose on Wednesday following a strong decline in U.S. inventories and due to sanctions that stalled exports from Venezuela. Brent crude added $0.88, or 1.3%, to close at $67.55 a barrel. WTI futures settled 2.4% higher at $58.26 a barrel.
read more... 14/03/2019
Crude oil prices were mixed on Wednesday, after U.S. data showed an increase in weekly U.S. crude stockpiles. A slump in U.S. equity indexes also weighed on the market. WTI futures traded 0.6% lower at $56.22 a barrel. However, Brent crude edged 0.2% higher at $65.99 a barrel, after EIA data indicated a larger-than-expected draw in U.S. distillate inventories.
read more... 07/03/2019
Crude oil prices soared on Monday on hopes that United States and China could reach an agreement to end their trade war. Brent crude rose by 0.9% to 65.67 USD/bbl, while WTI futures climbed by 1.4% to 56.59 USD/bbl.
read more... 05/03/2019