Archive for Tag: brent futures price

Oil industry calls for inclusivity under climate efforts

Brent Oil was trading 1.59% down at  $80.81. Energy producers gathered in Abu Dhabi following the COP26 U.N. climate talks called on Monday for greater inclusivity that would see more investment in hydrocarbons for energy security as they work to reduce emissions while developing their economies. The world could not...

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Oil gains after U.S. passes infrastructure bill, Chinese exports rise

Brent Oil was trading 1.08%up at $83.62. Oil prices rose on Monday on the back of positive signs for global economic growth, supporting energy demand, while Saudi Arabia’s state-owned producer Aramco raised the official selling price for its crude. Brent Crudewas up by 84 cents or 1% at $83.58...

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Oil steadies near $85 as supply lags, U.S. inventories eyed

Brent Oil was trading 0.25% downat $84.50. Oil steadied near $85 a barrel on Tuesday, not far from a multi-year high, supported by signs that supply from OPEC and other producers is falling short, although expectations of a rise in U.S. inventories was weighing. The increase in OPEC’s oil...

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Oil prices extend gains to multi-year highs on tight supply

Brent Oil was trading 0.72% upat $85.25. Oil prices climbed on Monday, extending pre-weekend gains to hit multi-year highs as global supply remained tight amid solid fuel demand in the United States and elsewhere in the world as economies pick up from coronavirus pandemic-induced slumps. U.S. West Texas Intermediate...

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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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Oil shrugs off higher U.S. crude stocks, strong dollar

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...

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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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