Brent crude oil futures boosted in choppy trading on Monday as Sunni insurgents advanced in Iraq, raising concerns over an eventual interruption to oil exports from OPEC’s second-largest producer. WTI crude oil futures fell as traders booked profits as oil futures rallied to a session peak of $107.54.
read more... 17/06/2014
Crude oil prices hiked to fresh nine-month highs on Friday on continuous worries that a rebellion in Iraq could cut oil exports from the second-biggest OPEC producer.
read more... 16/06/2014
Crude oil prices rallied to nine-month highs on Thursday, buoyed by worries that the intensifying violence in Iraq could cut oil supply from the second-largest OPEC producer. Brent futures rose by $3.07 to close at $113.02 a barrel, the highest level since September 9, while WTI oil gained $2.13 to end at $106.53 a barrel, posting equally the highest settlement price since September 18.
read more... 13/06/2014
Brent and U.S. crude oil settled down in a nervous trading on Monday, dragged down by a stronger dollar and recently released data showing that OPEC’s oil output increased to a three-month high. Brent crude for July delivery declined 58 cents to close at $108.83 a barrel, after striking $109.87 and further retreating below Brent's 200-day moving average at $109.07. WTI crude for July delivery traded 24 cents down to close at $102.47 a barrel, after hitting an intraday high at $103.35.
read more... 03/06/2014
Global crude oil prices posted a slight drop on Thursday, dragged down by pessimistic economic data from China and by an OPEC’S forecast showing a recovery in oil exports from Libya.
read more... 11/04/2014