Archive for Tag: brent oil price

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...

Read More
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...

Read More
OPEC+ oil

OPEC+ set to confirm modest April output rise despite oil price spike

Brent Crude was trading up 5.97%at $111.22 OPEC+ oil producers meeting on Wednesday do not plan to accelerate output rises, according to a draft deal seen by Reuters, as Saudi Arabia and the United Arab Emirates recommit to a deal with Russia even as crude prices rocket higher. Oil...

Read More
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...

Read More
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...

Read More
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...

Read More
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...

Read More
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...

Read More
Technical Analysis

BRENT CRUDE OIL: WEEKLY SCENARIO

BRENT CRUDE OIL Price Technical Analysis: Weekly Chart In the weekly charts , Brent Crude Oil is trading in an upward channel. Brent Crude Oil is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Brent Crude Oil will...

Read More
Brent crude futures

Oil heads for sixth weekly gain amid supply concerns

Brent Oil was trading up 0.41%  at  $88.47. Oil prices rose on Friday, heading towards a sixth consecutive weekly gain, as geopolitical tensions continue to raise supply concerns. Brent crude futures were up 63 cents, or 0.7%, at $89.97 a barrel by 1013 GMT, having hit $91.04 on Thursday for...

Read More