Oil prices retreated on Friday, pressured by growing Russian output and the highest in more than three years U.S. drilling activity. Brent crude dipped by 1.1% to close at $76.46 a barrel. West Texas Intermediate (WTI) crude contracts closed 21 cents lower at $65.74 a barrel, or about 0.3% loss.
read more... 11/06/2018
Russia and China signed the biggest package of contracts in the history of the two countries' nuclear partnership, according to Russia's state nuclear company Rosatom on Friday.
read more... 11/06/2018
Oil prices were mixed on Thursday. Brent oil price rose slightly to $77.59 a barrel, due to a larger-than-forecasted drop in crude inventories. WTI crude declined as the Organization of the Petroleum Exporting Countries is likely to bring its supply-cut deal to a close by the end of the year. WTI futures fell by $1.17, or 1.7% to settle at $67.04 a barrel.
read more... 01/06/2018
Oil prices surged on Thursday, as US sanctions are most likely to affect oil flows from the major exporter Iran.
read more... 11/05/2018
Oil prices were boosted on Friday by concerns about the possibility of Western military action in Syria and reports of declining global oil inventories.
read more... 16/04/2018