Crude oil boosted 4 percent on Wednesday after a small-than-expected increase in U.S. crude stockpiles that offset oversupply worries caused by the end of Kuwait strike and on prospects that oil majors would meet again to try to reduce oil production. Brent's front-month contract rose $1.77, or 4 percent, to settle at $45.80 a barrel. It had plunged to a session low of $42.81. U.S. crude's front-month contract, for May delivery, which expired at Wednesday's settlement, climbed $1.55, or 3.8 percent, at $42.63 a barrel. The session low was $39.85.
read more... 21/04/2016
Crude oil prices shed on Monday after a plan by top oil producers to freeze production failed, but a Kuwait oil industry strike helped the market cut losses and rebound from the day’s lows. Brent closed down 19 cents, or 0.4 percent, at $42.91 a barrel. It had declined $3 earlier in the session. U.S. crude WTI slid 58 cents, or 1.4 percent, to settle at $39.78 a barrel, after falling to $37.61 at the day's low.
read more... 19/04/2016
Crude oil prices tumbled on Friday on anticipations that a weekend meeting of top oil exporters will have little impact on reducing an exacerbated glut, even if would provide a ceiling for the market. Brent crude futures eased 74 cents to close at $43.10, while U.S. crude settled down $1.14 cents at $40.36. Both contracts declined by more than 3.5 percent earlier in the day.
read more... 18/04/2016
Crude oil prices settled lower after a nervous trading on Thursday, capping losses due to a favorable report from the International Energy Agency (IEA), in a context of an omnipresent speculation after a Sunday summit in Doha between producing countries. Brent crude futures eased 34 cents to settle at $43.84 a barrel, while U.S. crude closed the session down 26 cents at $41.50.
read more... 15/04/2016
Oil prices declined from new four-month highs in agitating trading on Wednesday after Russian oil minister Alexander Novak stated at a closed-door briefing that a deal on an oil output freeze expected to be signed this month in Doha would not yield a positive outcome. Brent crude fell 51 cents to settle at $44.18 per barrel, while U.S. crude eased 41 cents to close at $41.76.
read more... 14/04/2016