Crude oil lost more than 3% on Monday, pressured by a decline in gasoline prices and fears about whether the United States will have its first interest rate increase in nearly a decade. WTI futures lost 63 cents, or 1.41 percent, to close at $44 a barrel. Front-month Brent crude futures eased $1.70, or 3.6 percent, to settle at $46.40 a barrel.
read more... 15/09/2015
Crude futures declined by 2 percent or more on Friday after Goldman Sachs slashed its forecast for oil, however a bullish sentiment from recovering U.S. inventories prices and less drilling for oil helped to curb losses.
read more... 14/09/2015
WTI crude oil prices hiked by 4 % on Thursday, spurred by traders’ focus on solid U.S. demand for gasoline which eclipsed news of increased U.S. stockpiles of crude. WTI crude futures rose by $1.77, or 4.0 percent, to settle at $45.92 a barrel. Brent crude, the global benchmark for oil, boosted by $1.20, or about 2.5 percent, to close at $49.70 a barrel.
read more... 11/09/2015
Crude oil declined nearly 4 percent on Wednesday, dragged down by robust supply and worries about demand being slashed slowing economic growth. Oil futures prolonged losses as U.S. equities turned lower after economic stimulus outlook from China spurred stock markets in Japan and Europe. Brent crude declined by $1.94, or 3.92 percent, to settle at $47.58 after boosting 4 percent in the previous session. U.S. crude lost $1.79, or 3.9 percent, to settle at $44.15, having declined on Tuesday as trading restarted after the Monday's Labor Day holiday.
read more... 10/09/2015
Brent crude rose by 4 percent on Tuesday as equity markets rally helped the global oil benchmark recover the bulk of its losses from the previous session. WTI crude declined slightly in volatile trade, reopening from Monday’s U.S. market close for the Labor Day holiday to news of refinery outages. Gains in Brent hiked in New York after the European equities rally expanded to Wall Street. London-traded Brent boosted $1.89 to settle at $49.52 a barrel, and traded at $49.50 by 4:35 p.m. EDT (2135 GMT) in post-settlement trade. It slipped $1.98 in the previous session. U.S. crude lost 11 cents, or almost a quarter percent, to close at $45.94, and stood at $45.86 by 4:35 p.m. It had shed almost $2 earlier in the session.
read more... 09/09/2015