Search Results for: Crude oil
Oil prices drop on potential increase in OPEC output
May 24th, 2018
Oil prices fell on Thursday on expectations that OPEC members will step up production in the face of worries over supply from both Venezuela and Iran. A surprise build up in crude oil inventories in the United States also ...
Is Oil About To Become Front-Page News? “A Glut That Held Prices Down For Years Is Essentially Gone”
May 22nd, 2018
Here’s a new indicator for you: It seems that the difference between the price of oil here and abroad is a measure of tightness in the market, with a rising spread indicating higher prices in the future, ...
Oil prices rose on Monday as markets reacted to news
May 21st, 2018
Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world’s two biggest economies “on hold”. Brent crude futures were at $79.13 per barrel at ...
Iran is preparing to introduce its own brand of crude to the global market
May 11th, 2018
While US President Donald Trump moves to withdraw his country from the Iran nuclear deal, Tehran is preparing to introduce its own brand of crude to the global market. Facing the prospects of new economic sanctions, Iran moves to ...
Europe: Oil stocks buoy European shares as US pulls out of Iran deal
May 10th, 2018
European shares were supported on Wednesday by strength in oil stocks after US President Donald Trump pulled the United States out of Iran’s nuclear agreement, boosting crude prices. While some solid earnings updates also provided support, shares in companies ...
Oil prices reach highest since November 2014
May 7th, 2018
U.S. oil prices rose above $70 a barrel on Monday for the first time since November 2014 while Brent crude prices climbed to fresh highs, as a deepening economic crisis in Venezuela threatened the country’s already tumbling oil supplies. ...
Oil prices hold steady
May 4th, 2018
Oil prices held steady on Friday after shedding earlier gains, as market jitters kicked in over the prospect of geopolitical risks from possible new U.S. sanctions against Iran. U.S. West Texas Intermediate (WTI) crude futures were trading 1 cent ...
Oil steady as U.S. drilling tempers bullish sentiment
April 23rd, 2018
Oil prices were steady on Monday as a rising U.S. rig count pointed to further increases in American output, marking one of the few factors tamping back crude in an otherwise bullish environment. Brent crude oil futures were at ...
Oil prices rise amid risk of supply disruptions
April 17th, 2018
Oil prices rose on Tuesday amid worries there could be a high risk of disruptions to supply, especially in the Middle East. Brent crude oil futures were at $71.75 per barrel at 0646 GMT, up 33 cents, or 0.5 ...
Oil prices dips on rising U.S. supplies, market still tense on conflict in Syria
April 11th, 2018
Oil prices on Wednesday eased away from 2014 highs reached the previous session as escalating Middle East tensions were offset by increasing inventories and production in the United States. Brent crude futures LCOc1 rose to $70.78 per barrel at ...
