Oil prices hiked to 2-1/2-year peaks and U.S. crude touched $60 a barrel in light trading volume on Tuesday, supported by news of an explosion on a Libyan crude pipeline as well as voluntary OPEC-led supply reductions.
read more... 27/12/2017
Crude prices increased on Wednesday, encouraged by a larger-than-expected decline in U.S. inventories and the ongoing outage of the North Sea Forties pipeline system. Brent crude settled 76 cents, or 1.2%, higher at $64.56 a barrel. Meanwhile, West Texas Intermediate crude futures settled up 53 cents at $58.09 a barrel.
read more... 21/12/2017
Oil edged up toward $64 a barrel on Tuesday, supported by a North Sea pipeline outage, OPEC-led supply reductions and expectations that U.S. crude inventories had decreased for a fifth week.
read more... 20/12/2017
Benchmark Brent crude prices edged higher on Monday, buyout by a North Sea pipeline outage and a workers' strike in the Nigerian energy industry, but U.S. prices slid slightly, highlighting worries about increasing U.S. production. Brent crude futures traded 18 cents, or 0.3%, up at $63.41. U.S. crude futures fell 14 cents to $57.16.
read more... 19/12/2017
Oil prices were mixed on Friday, lingering below two-year peaks on Friday as the ongoing outage of a North Sea pipeline and OPEC-led output cuts supported prices, while increasing U.S. production kept a lid on gains. Brent crude futures were down 8 cents at $63.23 a barrel. U.S. West Texas Intermediate (WTI) crude futures surged by 26 cents, or 0.5% to $57.30 a barrel.
read more... 18/12/2017