Oil prices continued their upward evolution on Wednesday, as U.S. government data indicated that crude inventories hit their minimum level since February 2015. Brent crude edged 0.7% higher at $73.93 a barrel. Meanwhile, WTI crude gained 1.1% to settle at $69.30 a barrel.
read more... 26/07/2018
Oil prices soared on Tuesday, amid concerns over a potential rise in demand from China, shifting focus from the trade war between the country and the United States. Brent crude edged 0.5% higher at $73.44 a barrel. Consequently, WTI crude gained 0.9% to settle at $68.52 a barrel.
read more... 25/07/2018
Oil prices dropped slightly on Monday on fears about fuel demand after G20 officials averted that global economic growth risks have intensified amongst increased trade and geopolitical tensions. Brent crude was almost flat at $73.06 a barrel. WTI futures edged 0.5% lower at $67.89 a barrel.
read more... 24/07/2018
Brent crude increased by 0.7% to $73.07 a barrel on Friday, as forecasts for reduced exports from Saudi Arabia and a weaker dollar propped up oil prices. However, WTI crude dropped by 1.7% at $68.26 a barrel, amid continuous trade tensions between China and US.
read more... 23/07/2018
Brent crude decreased by 0.4% to end at $72.58 a barrel on Thursday, due to a strong dollar, higher U.S. crude output and an unpredicted rise in the production of the Organization of the Petroleum Exporting Countries and Russia. On the other side, WTI crude hiked by 1% to $69.46 a barrel, after Saudi Arabia's OPEC governor declared the kingdom's crude exports will decline by around 100,000 barrels per day in August.
read more... 20/07/2018