Brent Oil was trading 0.72% upat $85.33. Oil was down Friday morning in Asia as U.S. supplies continue to tighten. The black liquid was set for a flat finish to the week, with easing coal and gas prices curbing the fuel-switching that had increased demand for oil products. Brent...
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...
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...
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%,...
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...
Brent Oil was trading 0.27% up at $83.82. Oil rose towards $84 a barrel on Tuesday, within sight of a three-year high, supported by a rebound in global demand that is contributing to energy shortages in big economies such as China. With demand growing as economies recover from pandemic lows,...
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...
Brent Oil was trading 0.18% down at $78.16. Oil fell to around $78 a barrel on Friday on the prospect that OPEC+ producers might step up a planned increase in output to ease supply concerns, although crude remained in sight of a three-year high reached this week. The Organization...
Brent Oil was trading 0.69% down at $77.56. Oil prices held steady on Thursday after rising above $80 a barrel this week, shrugging off bearish factors such as rising U.S. crude oil inventories and a strong dollar amid consensus that a supply deficit will stay for coming months. Brent...
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...