Oil prices hiked on Monday due to forecasts for higher prices on gasoline and consumer goods. Brent futures rose $1.3, or 1.7%, to end at $76.17 a barrel. WTI crude surged by 1.5% to settle at $70.73 a barrel, for the first time above $70 level since late 2014.
read more... 08/05/2018
Oil prices rose on Friday on tight global supplies and because the market waited for the news on possible new U.S. sanctions against Iran. Brent crude added $1.25, or 1.7 percent, to close at $74.87 a barrel. WTI futures settled 1.9% higher at $69.72 a barrel.
read more... 07/05/2018
OPEC output cuts and the potential for new U.S. sanctions on Iran bolstered oil prices on Thursday. Brent crude gained 26 cents, or 0.4%, to close at $73.62 a barrel. WTI futures added $0.5, or 0.7%, to end at $68.43 a barrel.
read more... 04/05/2018
Oil prices increased on Wednesday as the U.S. dollar dropped from its peak for the year after the Federal Reserve left its benchmark interest rate constant. Brent crude was 23 cents, or 0.3%, up at $73.36 a barrel. WTI futures added 1% to end at $67.93 a barrel.
read more... 03/05/2018
Statoil made known on Monday that Italy’s Saipem has commenced operations to install Norway’s biggest crude oil pipeline, part of the Johan Sverdrup offshore expansion.
read more... 03/05/2018