Archive for Tag: brent crude futures

Brent crude

Oil soars as Russian energy supply fears intensify

Brent Crude was trading up 4.84%at $98.75 Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports. Brent crude rose $4.82, or 4.9%, to $102.75 by 1028...

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Brent crude futures

Oil rises as tight market looks to Russian-Western diplomacy

BRENT CRUDE OIL was trading up 0.54%at $91.96 Oil prices rose on Monday as fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from supply concerns that have kept oil prices near $100 a barrel. Brent crudefutures were up 41 cents, or 0.4%, at $93.95 a barrel...

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Brent Crude oil

Oil falls, caught between Iran talks and Ukraine crisis

BRENT CRUDE OIL was trading down 2.00%at $92.90 Oil prices fell on Thursday as talks to resurrect a nuclear deal with Iran entered their final stages, but losses were capped by heightened tensions between top energy exporter Russia and the West over Ukraine. Brent Crude traded down $1.26, or...

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Brent crude oil

Oil steadies near seven-year high on Ukraine-Russia tensions

BRENT CRUDE OIL was trading down 0.31%at $94.16 Oil steadied on Monday after earlier hitting its highest in more than seven years on fears that a possible Russian invasion of Ukraine could trigger U.S. and European sanctions that would disrupt exports from one of the world’s top producers. Brent...

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Brent crude futures

Oil rises on falling U.S. stockpiles but Iran talks weigh

Brent Oil was trading up 0.79%at $92.27. Oil prices rose on Thursday after rallying on an unexpected drop in U.S. crude inventories in the previous session, as investors awaited the outcome of U.S.-Iran nuclear talks that could add crude supplies quickly to global markets. Brent crude futures rose 65...

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Brent crude

Oil slips from 7-year high ahead of more U.S.-Iran talks

Brent Oil was trading down 2.05%  at  $90.79. Oil slipped to around $92 a barrel on Tuesday ahead of the resumption of indirect talks between the United States and Iran, which may revive a nuclear agreement that could eventually allow more oil exports from the OPEC producer. A deal could...

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Brent Oil

Oil slips below $89 on speculation of faster OPEC+ hike

Brent Oil was trading up 0.40%  at  $88.91. Oil slipped on Tuesday, staying close to a seven-year high, weighed by speculation OPEC+ could go further than expected to add supply at a meeting this week and expectations of a rise in U.S. inventories. While the Organization of the Petroleum Exporting...

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Brent crude futures

Oil heads for sixth weekly gain amid supply concerns

Brent Oil was trading up 0.41%  at  $88.47. Oil prices rose on Friday, heading towards a sixth consecutive weekly gain, as geopolitical tensions continue to raise supply concerns. Brent crude futures were up 63 cents, or 0.7%, at $89.97 a barrel by 1013 GMT, having hit $91.04 on Thursday for...

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Brent Crude

Oil prices rebound as growing political tensions fuel supply fears

Brent Oil was trading 0.72% up at  $87.48. Oil rose towards $89 a barrel on Wednesday, within sight of a seven-year high, supported by tight supply and geopolitical tensions in Europe and the Middle East that raise concerns about further disruption. U.S. President Joe Biden said on Tuesday he would...

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Crude oil futures

Oil prices rebound as growing political tensions fuel supply fears

Brent Oil was trading 0.84%up at $86.18. Oil expenses bounced again on Tuesday, convalescing a number of the preceding day’s losses, as developing anxiety in Eastern Europe and the Middle East fuelled issues over feasible deliver disruptions in an already tight market. Brent crude futures rose $1.21, or 1.five%,...

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