Oil crude prices surged on Friday, on predictions of lower supply following U.S. sanctions against Iran. Brent crude closed 1% higher at $72.81 a barrel. Meanwhile, WTI crude soared by 1.2% to end at 67.63% a barrel, posting nevertheless a 1.2% decline week-on-week, on global trade disputes that might slow economic growth and reduce demand for energy.
read more... 13/08/2018
Increased trade tensions between U.S. and China will probably lead to a lower demand for crude, weighing down on oil prices. Brent crude slipped by 0.3% to settle at $72.07 a barrel. On its turn, WTI crude edged 0.2% lower to 66.81 a barrel.
read more... 10/08/2018
Oil prices edged lower on Friday, as increased concerns over China’s denial to admit the sanctions against Iranian crude supported the fears over falling demand on U.S supplies. Consequently, Brent crude slipped by 0.3% to $73.21 a barrel. WTI crude dropped by 0.7% to $68.49 a barrel.
read more... 06/08/2018
Oil prices soared on Tuesday, amid concerns over a potential rise in demand from China, shifting focus from the trade war between the country and the United States. Brent crude edged 0.5% higher at $73.44 a barrel. Consequently, WTI crude gained 0.9% to settle at $68.52 a barrel.
read more... 25/07/2018
Oil prices dropped slightly on Monday on fears about fuel demand after G20 officials averted that global economic growth risks have intensified amongst increased trade and geopolitical tensions. Brent crude was almost flat at $73.06 a barrel. WTI futures edged 0.5% lower at $67.89 a barrel.
read more... 24/07/2018