Oil crude prices were almost steady, in a balanced market, as Saudi Arabia and Russia declared about its intention to raise production to partly offset the disruption in Iran exports, as soon as U.S. sanctions will be applied on the 4th of November WTI crude remained stable and traded at $74.34 a barrel, whereas Brent price slipped by 0.5% to close at $84.16 a barrel.
read more... 08/10/2018
Oil crude prices lost momentum on Thursday, due to forecasts for an increase in production by Saudi Arabia and Russia. However, the price losses were tempered by the forthcoming U.S. sanctions on Iranian exports. WTI crude closed 2.7% down at $74.33 a barrel, while Brent crude oil futures dropped by 2% to trade at $84.58 a barrel.
read more... 05/10/2018
Oil crude prices rose on Wednesday, driven by looming U.S. sanctions on Iran, despite reports of higher Saudi Arabian and Russian production and the 8 million barrels jump in U.S. crude inventories last week. WTI crude surged by 1.6% or 18 cents to $76.41 a barrel, while Brent price was 1.8% up at $86.29 a barrel.
read more... 04/10/2018
Global oil prices slipped slightly on Tuesday due to reduced demand. However, the market’s anticipation of tighter supply once U.S. sanctions against Iran’s oil industry will come into effect early next month kept oil prices above $84 level.
read more... 03/10/2018
Oil crude prices continued to surge on Monday due to increased worries about global supply after U.S. sanctions targeting Iran’s oil exports will come into effect early next month, with about 1.5 million barrels per day of Iranian oil expected to disappear. Brent crude price, the international benchmark, gained additional 2.7% to trade at $82.98 a barrel. WTI crude was up by 2.8% at $75.30 a barrel.
read more... 02/10/2018