Crude oil prices declined sharply on Wednesday, as the EIA announced a further increase in US crude inventories. As such, Brent oil lost 2.5% at $82.64 a barrel and WTI crude dropped by 3.3% to $81.34 a barrel.
read more... 11/11/2021
Crude oil prices rose on Wednesday, after the EIA published the report on US crude stocks, which unexpectedly decreased week-on-week. Thus, Brent oil increased by 0.9% to $85.82 a barrel and WTI crude edged 0.6% higher at $83.42 a barrel.
read more... 21/10/2021
Oil prices ended lower on Wednesday, pressured by profit-taking and a stronger US dollar. However, losses were limited by the EIA’s weekly report on US crude inventories. Consequently, Brent oil and WTI crude both edged 0.6% down at $78.64 and $74.83 a barrel, respectively.
read more... 30/09/2021
Crude oil prices weakened on Wednesday, weighed by an increase in US weekly gasoline stocks, as indicated by the EIA. Despite a decline in US crude reserves, Brent oil fell by 1.2% to $68.23 a barrel and WTI crude ended 1.7% lower at $65.46 a barrel.
read more... 19/08/2021
Crude oil prices strengthened slightly on Friday, supported by positive data on demand for black gold from the US Energy Information Agency (EIA). Hence, Brent oil edged 0.4% higher at $76.33 a barrel and WTI crude gained 0.5% to $73.95 a barrel.
read more... 02/08/2021