Archive for Tag: Brent Crude futures

Brent crude futures

Oil prices slip from 2014 highs, supply concerns limit losses

Brent Oil was trading 0.42% down at  $88.05. Oil slipped on Thursday as investors took profits following a month-long rally in prices, but strong demand and short-term supply disruptions continue to support prices close to their highest levels since late 2014. Brent crude futures fell 49 cents, or 0.6%, to...

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Brent crude futures

Oil highest since 2014 as Turkey outage adds to tight supply outlook

Brent Oil was trading 1.31% up at  $88.62. Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates. Brent crude futures rose...

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Brent crude futures

Oil prices hit 7-year highs as tight supply bites

Brent Oil was trading 1.13% up at  $87.61. Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook. Brent crude futures rose $1.02, or 1.2%, to $87.50 a barrel by 0924...

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Brent crude futures

Oil climbs on supply worries, limited Omicron impact

Brent Oil was trading 0.44% up at  $86.45. Oil prices rose on Monday, with Brent futures touching their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus variant. Brent crude futures gained...

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Crude futures

Commodity – Oil prices poised for fourth week of gains

Brent Oil was trading 1.10%up at $85.45. Oil futures rose on Friday and were set for a fourth week of gains, boosted by supply constraints and a weaker dollar, though an imminent release of crude reserves from China looms. Crude futures rose 85 cents, or 1%, to a two-month...

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Brent Crude futures

Oil prices ease, focus shifts to next OPEC+ move

Brent Oil was trading 0.10%down at $76.52. Brent crude futures snapped a three-day rally on Friday in light trading before the Christmas holidays but the benchmark was still headed for a weekly gain, with the market focusing on next steps by OPEC+ and the impact of the Omicron variant....

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Market Outlook

Oil prices steady as Omicron worries linger

Brent Oil was trading 1.09%down at $72.28. Oil prices steadied on Tuesday after a sharp fall in the previous session as investors worried about the rapid spread of the Omicron coronavirus variant and the impact of renewed restrictions on fuel demand. Brent Crudewas down 8 cents, or 0.1%, at...

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Brent Oil

Oil prices slip 1% on bets that crude supply growth will exceed demand

Brent Oil was trading 1.17% down at  $72.80. Oil prices fell for a third day straight on Wednesday on growing expectations that supply growth will outpace demand growth next year, even though the Omicron coronavirus variant is not seen curbing mobility as sharply as earlier COVID-19 variants. U.S. West Texas...

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Brent Oil

Oil price dip towards $74, Omicron concerns dominate

Brent Oil was trading 0.24% up at  $74.27. Oil prices dipped towards $74 a barrel on Tuesday after the International Energy Agency (IEA) said that the new Omicron coronavirus variant was set to dent the global demand recovery while supplies were set to increase next year. futures dropped 24 cents,...

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Brent Oil

Oil rebounds more than $1/bbl after Saudi price hike

Brent Oil was trading 1.63%up at $74.13. Top energy executives this week urged a more cautious transition of energy policy away from oil and gas, but a U.S. Energy Department official said the industry has a moral obligation to address climate change and the economic opportunity it represents. Executives...

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