On Wednesday, oil crude prices rose, as U.S reported a sudden draw in stocks, while sanctions on Iranian crude might put pressure on supplies. Brent crude price jumped by 3% to $74.78 a barrel. Moreover, WTI crude price closed 3.1% up at $67.86 a barrel.
read more... 23/08/2018
Oil crude prices were mixed on Tuesday, on concerns regarding demand amid China - U.S. trade war, while U.S. inventories for refined products before the peak demand period are at their lowest level in four years. Brent crude added 0.6% to $72.63 a barrel. Meanwhile, WTI crude settled 0.9% lower at $65.84 a barrel.
read more... 22/08/2018
Oil crude prices continued their bullish trend on Monday, as investors were more worried about reduced supplies from Iran due to U.S. sanctions and less concerned that U.S-China trade tensions might lead to lower demand. Brent crude increased by 0.5% to $72.21 a barrel, after several declines. Meanwhile, WTI crude settled 0.8% higher at $66.43 a barrel.
read more... 21/08/2018
Oil crude prices rose on Friday, but posted weekly losses, on concerns that a trade war might lead to a cut in oil demand. Brent crude closed 0.6% higher at $71.83 a barrel, or a 1.4% decline for the week. Meanwhile, WTI crude gained 0.7% to end at $65.91 a barrel, decreasing by 2.5% week-on-week.
read more... 20/08/2018
Oil prices regained momentum on Thursday, after having declined a day earlier because of high crude inventories, but predictions of lower demand kept prices under control. Brent crude closed 1% higher at $71.43 a barrel, posting a 1% loss for the week. Meanwhile, WTI crude rose 0.7% to $65.46 a barrel, slumping by 2% week-on-week.
read more... 17/08/2018