Oil prices ended higher in a choppy trading on Wednesday. The modest rally of the US equity markets lent support to oil prices. Gains were capped, however, by concerns over weakening global economic growth and a supply glut.
read more... 03/01/2019
Oil prices rose at the year close, dragged by surging stock markets. The upward trend was fueled by the US President’s boasts on the advancing talks on the potential U.S.-China trade deal. As a result, Brent crude jumped by 3% to $53.80 a barrel. Gains were limited by continued worries about a supply glut, with WTI crude 0.2% up at $45.33 a barrel.
read more... 02/01/2019
Oil crude prices recovered somewhat on Friday, tracking bullish stock markets. However, continuing concerns over a persistent supply glut have limited gains. Brent crude price edged higher at $52.2 a barrel. In the meantime, the price for WTI crude surged by 1.6% to settle at $45.33 a barrel.
read more... 31/12/2018
The recent agreement between OPEC and Russia on a 1.2 million bpd production cut for 2019 could not stop the decline in crude prices on Monday, as a potential rise in U.S. interest rates and trade tensions between the world’s biggest economies weighed down on the markets. WTI crude price tumbled by 7.2% to $42.53 a barrel, while Brent oil was 6.6% down at $50.47 a barrel, or their lowest levels since August 2017.
read more... 26/12/2018
French firm Total is reportedly in discussions to pursue the sale of some of its oil and gas assets in the British North Sea.
read more... 26/12/2018