Archive for Tag: brent crude price

U.S. West Texas Intermediate crude futures

Oil rebounds on tight supply, prospects of new Russia sanctions

Brent Crudewas trading 1.97%up at $109.91 Oil prices clawed back heavy losses to rise more than 2% on Wednesday on supply tightness and the growing prospect of new Western sanctions against Russia even as signs of progress emerged from peace talks between Moscow and Kyiv. Brent crude futures were...

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BRENT CRUDE OIL

Oil prices rise on tight supplies, stable demand

Brent Crude was trading 1.00% up at $110.91 Oil prices rose on Tuesday, recovering some of the previous session’s losses as Kazakhstan’s supplies continued to be disrupted and major producers showed no sign of being in a hurry to boost output significantly.Brent Crude rose $1.41, or 1.3%, to $113.89...

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Brent Crude

Oil Down, Set for Weekly Loss as Supply Concerns Continue

Brent Crude was trading  up  0.38%  at  $109.75 Oil was down on Friday morning in Asia, set for their biggest weekly drops since November 2021 but clawing back some losses. Market volatility also continued over concerns about more sanctions on Russian oil versus efforts to increase supply via other major...

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Brent Crude

EU leaders tackle escape route from Russian fossil fuels

Brent Crude was trading  up  3.64%  at  $114.98 European Union leaders will tackle ways to wean themselves off Russian fossil fuels on Thursday and debate how quickly to do so, with countries split over whether to sanction oil and gas imports as Moscow wages war in Ukraine. Russia’s invasion of Ukraine...

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Brent Crude

Spotlight falls on natural gas amid energy transition debate – and geopolitics

Brent Crude was trading up 2.04%at $126.62 On the third day of the world’s biggest energy conference, the spotlight will pick out natural gas amid debate on its role in the transition to cleaner energy – and its status as a Russian export key to Europe’s power generation needs....

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Brent crude futures

Oil rises as fears of Russian oil sanctions spur supply concerns

Brent Crude was trading up 2.04%at $126.62 Oil prices rose on Tuesday, with Brent surging past $126 a barrel, as fears of formal sanctions against Russian oil and fuel exports spurred concerns about supply availability. Benchmark Brent crude futures for May climbed $3.07, or 2.49%, to $126.28 a barrel...

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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 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

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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