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
Brent crude oil prices hiked to a four-month high and energy equities increased on Tuesday, bounced by reports of an agreement between two important producers to freeze output, driving U.S. equities higher. Russia and Saudi Arabia reached consensus about an oil output freeze ahead of a producers' meeting there on April 17. Brent crude boosted 3.3 percent to settle at $44.22 a barrel and WTI U.S. crude climbed 4.5 percent to close at $42.17.
read more... 13/04/2016
Brent crude prices rallied to a four-month high on Monday, spurred by strong commodities markets ahead of Doha meeting on April 17 aimed at freezing current output levels. Brent crude futures, the global benchmark, rose 89 cents, or 2.12 percent to settle at $42.83 a barrel, after hitting the highest level since December 7 earlier in the day. U.S. crude futures boosted 64 cents, or 1.6 percent, to close at $40.36 a barrel.
read more... 12/04/2016
India may invest as much as $20bn in oil, petrochemicals and fertiliser projects in Iran in order to import more crude to cover its demand.
read more... 12/04/2016