Archive for Tag: Brent Oil outlook

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 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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Oil rises above $111 as Ukraine conflict offsets Iran supply hope

Brent Crude was trading up 2.04% at $112.62 Oil rose above $111 a barrel on Friday in a volatile session as fears over disruption to Russian oil exports in the face of Western sanctions offset the prospect of more Iranian supplies in the event of a nuclear deal with...

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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 futures

Oil rises as tight market looks to Russian-Western diplomacy

BRENT CRUDE OIL was trading up 0.54%at $91.96 Oil prices rose on Monday as fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from supply concerns that have kept oil prices near $100 a barrel. Brent crudefutures were up 41 cents, or 0.4%, at $93.95 a barrel...

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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 futures

Oil rises on falling U.S. stockpiles but Iran talks weigh

Brent Oil was trading up 0.79%at $92.27. Oil prices rose on Thursday after rallying on an unexpected drop in U.S. crude inventories in the previous session, as investors awaited the outcome of U.S.-Iran nuclear talks that could add crude supplies quickly to global markets. Brent crude futures rose 65...

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Oil climbs toward 7-year highs on U.S. stock draw, eyes on OPEC+ move

Brent Oil was trading down 0.41% at $88.79. Oil prices climbed on Wednesday toward last week’s seven-year highs as a draw in U.S. crude stocks confirmed strong demand and tight supplies, but investors remained cautious ahead of an OPEC+ meeting later in the day. Brent crude rose 23 cents,...

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