Oil crude prices dropped on Thursday, due to rise in U.S. crude inventories concerning the potential trade war between world’s major economies - China and the United States. Brent crude slipped by 1.1% to $77.39 a barrel, while WTI Crude dropped by 1.9% to $72.94 a barrel.
read more... 06/07/2018
Oil prices surged on Wednesday, boosted by a threat from an Iranian commander and a decline in U.S. crude inventories for the second consecutive week. Brent crude added $0.48, or 0.6%, to close at $78.24 a barrel. WTI crude traded $0.19, or 0.3%, higher at $74.33 a barrel.
read more... 05/07/2018
Oil prices rose slightly on Tuesday, due to imminent U.S. sanctions against Iran and an outage at Syncrude Canada facility that reduced crude supplies. Brent crude soared by 0.6% to $77.76 a barrel. WTI crude edged 0.3% higher at $74.14 a barrel, reaching a new peak since the end of 2014.
read more... 04/07/2018
Oil crude prices surged on Monday, as increased supply from Saudi Arabia and Russia and U.S. sanctions against Iran weighed down on demand. Brent crude slumped by 2.7% to $77.3 a barrel, while WTI crude slipped by 0.3% to $73.94 a barrel.
read more... 03/07/2018
Oil prices climbed on Friday as U.S. sanctions against Iran at a time of escalating demand will most likely lead to a decline of crude volumes in the global market. Brent crude traded 2% higher to $79.44 a barrel. WTI crude hiked by 1% to hit its highest since November 2014 at $74.15 a barrel.
read more... 02/07/2018