Oil prices fluctuated in a choppy trading on Thursday, ultimately increasing modestly after U.S. inflation data sent bond yields and the dollar higher. Hence, Brent crude futures rose by 0.3% to close at $82.87 a barrel. At the same time, U.S. WTI crude ended at $81.59 a barrel, posting a 0.3% gain day-on-day.
read more... 12/11/2021
Crude oil prices declined sharply on Wednesday, as the EIA announced a further increase in US crude inventories. As such, Brent oil lost 2.5% at $82.64 a barrel and WTI crude dropped by 3.3% to $81.34 a barrel.
read more... 11/11/2021
Crude oil prices increased to hit a two-week high on Tuesday after the U.S. lifted its travel restrictions and amid more signs of a global post-pandemic recovery, while supply remains tight. Hence, Brent crude rose by $1.35, or 1.6%, $84.78 per barrel, while U.S. West Texas Intermediate (WTI) crude rose by $2.22, or 2.7%, to settle at $84.15.
read more... 10/11/2021
Crude oil prices continued to climb on Monday, primarily following the decision from OPEC to hold back on production despite calls for increased output. The passage of a $1 trillion U.S. infrastructure spending package and news that Saudi Arabia lifted prices for crude exports lent further support to crude prices.
read more... 09/11/2021
Oil prices recovered ground on Friday, as market participants doubted the prospects of countries, such as the US, tapping into strategic reserves to relieve prices. As a result, Brent oil strengthened by 2.7% to $82.74 a barrel and WTI crude surged by 3.1% to $81.27 a barrel.
read more... 08/11/2021