Oil prices surged on Tuesday on concerns that U.S. sanctions on Iran might limit crude exports from one of the most important producers in the Middle East. Brent futures added $0.2, or 0.3%, to close at $78.43 a barrel. WTI crude gained $0.35, or 0.5%, to end to $71.31.
read more... 16/05/2018
Oil prices soared on Monday after OPEC declared that the global oil oversupply has been virtually eliminated. Brent crude gained $1.11, or 1.4%, to end at $78.23 a barrel. WTI futures rose $0.26, or 0.4%, to close at $70.96 a barrel.
read more... 15/05/2018
Oil prices declined on Friday, retreating after previous gains as U.S. allies are likely to insist in preserving an agreement with Iran, which could maintain country's crude exports on global markets. Brent crude was 35 cents, or 0.5% down at $77.12 a barrel. WTI futures lost 1% to close at $70.70 a barrel.
read more... 14/05/2018
Oil prices jumped to new 3½-year highs on Wednesday following U.S. President Trump’s decision to abandon the nuclear deal with Iran and the announcement of stricter sanctions against the OPEC member. Brent crude added $2.36, or 3.2%, to end at $77.21 a barrel. WTI futures traded 3% higher at $71.14 a barrel.
read more... 10/05/2018
Oil prices posted losses on Tuesday after Donald Trump’s announcement that the United States will withdraw from the 2015 Iran nuclear agreement. Brent crude dropped by $1.32, or 1.7 percent, to close at $74.85. WTI futures slumped by 2.4% to $69.06 a barrel.
read more... 09/05/2018