Oil prices were slightly bearish on Friday, as President Donald Trump exempted several countries from sanctions against Iran, allowing them to continue purchasing Iranian crude for at least six months. Brent crude slipped by 0.1% to $72.83 a barrel. Meanwhile, WTI crude traded 0.9% lower at $63.14 a barrel.
read more... 05/11/2018
Crude oil prices extended losses on Thursday, as crude production rose by over 2 million barrels per day during the last 12 months. Moreover, increased concerns over a potential slowdown in global growth amid continuous trade tensions between U.S. and China put more pressure on prices.
read more... 02/11/2018
On Wednesday, oil crude prices continued to lose ground, posting the worst monthly performance since July 2016 amid the escalating trade war between U.S and China and concerns over global demand. Brent crude lost by 0.6% to $75.47 a barrel, while WTI crude traded 1.3% down at $65.31 a barrel.
read more... 01/11/2018
Oil crude prices fell sharply on Tuesday in a choppy trade, following API data indicating an increase in inventories, and on expectations for lower fuel demand amid trade tensions between the U.S. and China. Brent crude slumped by 1.9% to $75.91 a barrel, while WTI crude traded 1.3% down at $66.18 a barrel.
read more... 31/10/2018
Oil prices eased on Monday, amid weaker stock markets and on signs of rising global supplies shrugging off US sanctions imposed on Iranian crude. In addition, Washington released a report indicating another round of tariffs on Chinese production, which also creates a bearish sentiment. Accordingly, Brent crude edged 0.4% lower at $77.34 a barrel. WTI crude lost 0.8% to $67.04 a barrel.
read more... 30/10/2018