Archive for Tag: Brent Crude Oil futures

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 futures

Oil rises as OPEC+ poised to act if demand weakens

Brent Oil was trading 2.78%up at $71.63. -Oil prices climbed on Friday after the producer group OPEC+ said it could review its production hike policy at short notice if oil demand collapsed due to a rising number of lockdowns, while Brent was on course for a sixth week of...

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