Search Results for: oil price
Oil prices claw back some losses, but oversupply still weighs
April 20th, 2017
Oil prices regained some ground on Thursday after steep losses the previous day, with a slight drop in U.S. crude inventories stoking hopes that a global supply overhang might slowly retreat. Brent crude futures were at $53.08 per barrel ...
Oil prices dip on bloated U.S. market, mixed Saudi signals
April 19th, 2017
Oil prices dipped on Wednesday as bloated U.S. supplies weighed on markets while a fall in Saudi crude exports was offset by rising production in the country. Brent crude futures LCOc1, the international benchmark for oil, were at $54.77 ...
Oil prices firm on strong demand, political uncertainty in Syria
April 10th, 2017
Oil prices were firm on Monday, supported by strong demand and political uncertainty in Syria, although another rise in U.S. drilling activity kept a lid on gains. Brent crude futures, the international benchmark for oil, were at $55.28 per ...
Oil prices jump 2% after US launches missile strike in Syria
April 7th, 2017
Oil prices surged more than 2 percent on Friday after the United States launched dozens of cruise missiles at an airbase in Syria. U.S President Donald Trump said he had ordered missile strikes against a Syrian airfield from which ...
Oil prices fall on record U.S. crude stocks, rising production
April 6th, 2017
Oil prices fell on Thursday as record U.S. crude inventories underscored that crude markets remain bloated, despite efforts led by OPEC to cut output and prop up prices. Brent crude futures, the international benchmark for oil, were at $54.07 ...
These factors will affect the oil price in the future
April 3rd, 2017
When oil price bottomed around $27 per barrel last year in February, many predicted a major reversal and the dark days for producers to be over. Yet, more than a year after the bottom, the oil market is struggling ...
Oil prices fall as U.S. rig count stokes oversupply worries
April 3rd, 2017
Oil futures dipped on Monday as a higher U.S. rig count indicated rising shale output and stoked worries about global oversupply, while a stronger dollar also pressured prices. International benchmark Brent futures slipped 15 cents, or 0.3 percent, to ...
Oil prices recovered on Thursday
March 23rd, 2017
Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production. Brent crude futures, the international benchmark ...
Oil prices fall on bloated U.S. crude storage
March 22nd, 2017
Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC-led effort to cut output. Prices for front-month Brent crude futures, the international benchmark for oil, were ...
Oil prices drop on rise in U.S. drilling
March 20th, 2017
Oil prices fell on Monday as rising U.S. drilling activity and steady supplies from OPEC countries despite touted production cuts pressured already-bloated markets. Prices for benchmark Brent crude futures were 29 cents, or 0.56 percent, below their last settlement ...
