Oil prices were little changed on Monday, trading close to their highest levels since May 2015, as political worries in several OPEC countries counterbalanced forecast for higher U.S. oil output. Brent futures gained 16 cents, or 0.2 percent, to settle at $67.78 a barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude edged 29 cents, or 0.5 percent, higher at $61.73.
read more... 09/01/2018
Oil rose above $68 a barrel to its highest since December 2014 on Thursday after conflicts in Iran raised concerns about supply risks, with support also coming from OPEC-led production cuts and demand-boosting cold weather in the US. Brent crude ended 23 cents, or 0.3%, at $68.07 a barrel. Meanwhile, U.S. crude increased 4 cents to $61.67 and also touched its highest since May 2015.
read more... 05/01/2018
Oil prices surged by about 2 percent on Wednesday to the highest in 2-1/2 years, with purchasing stimulated by a sixth day of unrest in OPEC member Iran and strong economic data from the United States and Germany. International benchmark Brent crude futures ended up $1.27 a barrel, or 1.9 percent, to $67.84 a barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures settled at $61.63 a barrel, up $1.26, or 2.1 percent.
read more... 04/01/2018
Oil prices rose on Thursday, staying close to 2-1/2-year peaks after data indicated strong demand for crude imports in China and on increased U.S. refining activity that drew more crude from inventories.
read more... 29/12/2017
Oil prices fell on Wednesday, as a rally ran out of momentum a session after crude attained a near 2-1/2-year peak on supply outages in Libya and the North Sea.
read more... 28/12/2017