Brent crude oil futures increased on Tuesday, touching the highest level in 2014, since oil supply continued to fall in Libya and South Soudan rebels attacked a key oil town, and because of the protests in Venezuela which destabilized the situation. Meanwhile, U.S. crude oil futures boosted by more than $2 a barrel on Tuesday to attain a fresh four-month high on higher heating oil prices, encouraged by stronger demand amid cold weather.
read more... 19/02/2014
Brent crude oil futures posted a gain in late session trading on Friday, spurred by demand for heating oil due to cold winter and snow in the U.S. Northeast as well as by tightened supply due to interruptions in Libya and Angola.
read more... 17/02/2014
Brent crude oil futures decreased on Thursday, dragged down by a forecast showing a decline in demand during refinery maintenance season and an increase in jobless claims in the United States, the greatest oil consumer in the world.
read more... 14/02/2014
Brent crude settled slightly higher on Wednesday, backed by a stronger 2014 oil-demand forecast from OPEC and as Chinese oil imports reached record highs on Tuesday. However, the gains were curbed as traders sold the European benchmark and purchased WTI after the publication of figures. Brent crude for March delivery settled 11 cents higher at $108.79.
read more... 13/02/2014
Brent crude oil recorded a slight increase on Tuesday, backed by demand for U.S. heating oil and gasoline amid an intense cold snap in the United States.
read more... 12/02/2014