Archive for Tag: brent crude price

Brent Oil

COMMODITY – Oil prices rise on China energy demand concerns

Brent Oil was trading 0.84% upat $85.06. Oil prices rose on Tuesday as a supply crunch in natural gas, electricity and coal continued across the globe while falling temperatures in China revived concerns over whether the world’s biggest energy consumer can meet domestic demand for heating. The Brent Crude...

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Brent crude futures

Oil prices scale $85/bbl on back of supply deficit

Brent Oil was trading 0.79% up at  $84.76. Oil prices hit a fresh three-year high on Friday, climbing above $85 a barrel on forecasts of a supply deficit over the next few months as rocketing gas and coal prices stoke a switch to oil products. Brent crude futures were up 80...

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Brent Crude futures

Oil prices climb on upgrade to IEA demand forecast

Brent Oil was trading 1.13% up at  $84.22. Oil prices rose by about 1% on Thursday after the International Energy Agency said that record natural gasprices will boost demand for oil and top oil producer Saudi Arabia dismissed calls for additional OPEC+ supplies. Brent crude futures gained 87 cents, or 1.1%,...

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Brent Crude futures

Oil falls on concerns of faltering economic growth to hit demand

Brent Oil was trading 0.60% downat $82.92. Oil prices edged down on Wednesday on concerns that oil demand growth will fall as major economies suffer through inflation and supply chain issues though surging prices for power generation fuel such as coal and natural gaslimited losses. Brent Crudefutures fell 24...

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WTI crude futures

Oil extends losses as U.S. mulls strategic reserve sales

Brent Oil was trading 0.48% down at $80.72. Oil prices fell sharply on Thursday, extending losses from the previous session, as the United States said it was considering selling oil from its strategic reserves and as Russia said it was ready to stabilise the natural gas market. Brent Crude...

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Brent oil futures

Oil Down Over Surprise Build in U.S. Crude Oil Supplies, Possible U.S. Default

Brent Oil was trading 0.74% downat $77.80. Oil was down Wednesday morning in Asia as investors digested a surprise integration of U.S. petroleum supplies. Brent oil futures slid 1.47% to $77.20 by 12:31 AM ET (4:31 AM GMT) and WTI futures fell 1.53% to $74.14. U.S. petroleum supply data...

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