Archive for Tag: Brent

Brent Crude futures

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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Brent oil futures

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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Brent Oil Price

Oil heads for third week of gains as output stumbles

Brent Oil was trading 0.10% downat $77.16. Oil prices steadied on Friday near a two-month high above $77 a barrel and were headed for a third straight week of gains, supported by global output disruptions and inventory draws. The rally was slightly dampened by China’s first public sale of...

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Brent Crude futures

Oil holds above $75 as storm-hit U.S. supply returns slowly

Brent Oil was trading 0.46% down at $75.34. Brent oil futures dipped on Friday but held above $75 a barrel, remaining on track for weekly gains of more than 3% thanks to the slow recovery in output after two hurricanes in the U.S. Gulf of Mexico. Brent Crudefutures fell...

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Brent Crude futures

Oil climbs on slow return of U.S. supply after Hurricane Ida

Brent Oil was trading 0.04% up at $71.72. Oil prices climbed on Wednesday, recouping some overnight losses from a stronger dollar and demand concerns, with a slow production restart in the U.S. Gulf of Mexico and resumption of refining activities providing support. U.S. West Texas Intermediate (WTI) crude futures...

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