Archive for Tag: brent oil price

Oil prices

Oil Ends March Lower on Cautious Pre-OPEC Trade

Brent was trading 2.20% up at $64.12. Oil prices fell more than 2% Wednesday to close down for the day and March as traders moved cautiously ahead of a decision on production quotas by OPEC+. New York-traded West Texas Intermediate, the benchmark for U.S. crude, settled down $1.39, or...

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Oil prices

Oil prices rise 2% on fears Suez blockage may last weeks

Brent Crude was trading 3.60% up at $64.16. Oil prices reversed a sharp sell-off a day earlier to rise about 2% on Friday on mounting fears that it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude and refined...

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Oil Price

Oil up as OPEC+ considers rollover rather than raising output

Brent was trading 1.17 up at $63.86. Oil prices rose on Wednesday, boosted by expectations that OPEC+ producers might decide against increasing output when they meet this week, while signs of progress in the coronavirus vaccine rollout in the United States gave further support. Brent Oil was up $1.28,...

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