A looming trade dispute between U.S. and China buoyed oil prices on Monday. Furthermore, Brent crude jumped by 2.6% to $75.34 a barrel, ahead of the OPEC meeting this week aimed at raising global crude supply. WTI crude hiked by 1.2% to $65.85 a barrel.
read more... 19/06/2018
Increased demand in fuel consumption in the United States and lower crude inventories boosted oil prices on Wednesday. Brent crude futures rose by 1.1% to settle at $76.74 a barrel. U.S. West Texas Intermediate (WTI) crude futures added 28 cents, or 0.4%, to $66.64 a barrel.
read more... 14/06/2018
Predictions that voluntary output reductions led by OPEC might be eased weighed down on Brent crude on Tuesday, which closed 0.8% lower at $75.88 a barrel. OPEC warned about downside risks to demand in the last quarters of the 2018, stating that oil market outlook is uncertain.
read more... 13/06/2018
Oil prices fell on Friday, after U.S. President Donald Trump's declaration on trade boosted the dollar, reducing greenback-denominated commodities, including crude. Brent futures lost $0.8, or 1%, to end at $76.79 a barrel. WTI crude dropped by $1.23 a barrel to end at $65.81 a barrel.
read more... 04/06/2018
A decline in liquefied natural gas (LNG) price was expected as new projects coming online boost supply.
read more... 27/04/2018