Brent Oil was trading 0.84% upat $85.06. Oil prices rose on Tuesday as a supply crunch in natural gas, electricity and coal continued across the globe while falling temperatures in China revived concerns over whether the world’s biggest energy consumer can meet domestic demand for heating. The Brent Crude...
Brent Oil was trading 0.46% up at $82.42. Oil prices rose on Friday, and were on track for gains of nearly 5% this week, on signs some industries have begun switching fuel from high-priced gas to oil and on doubts the U.S. government would release oil from its strategic...
Brent Oil was trading 1.36% upat $75.34. Oil prices climbed more than $1 on Wednesday, extending overnight gains after industry data showed U.S Crudestocks fell more than expected last week in the wake of two hurricanes, highlighting tight supply as demand improves. Prices were also supported as some OPEC...
Brent Oil was trading 0.13% down at $75.37. Oil prices slipped on Thursday, paring back only some of the large gains made the previous day on the back a larger-than-expected drawdown in crude oil stocks in the United States. Brent oil fell 12 cents, or 0.2%, to $75.34 a...
Brent Oil was trading 0.64% up at $73.98. Oil prices hit a six-week high on Tuesday as another hurricane threatened to bring heavy rain to Texas and parts of Louisiana that were still recovering from Ida, and as the International Energy Agency forecast a big demand rebound for the...
Brent Oil was trading 0.64% up at $7340. Oil prices rose for a second session on Monday as concerns over shut output in the United States, the world’s biggest producer, following damage from Hurricane Ida supported the market, along with expectations for higher demand. Brent Cruderose 67 cents, or...
Gold was trading 0.20% up at $1803.40. Gold was down on Friday morning in Asia. The yellow metal was set to end the week on a down note as the dollarstrengthened and uncertainty over the U.S Federal Reserve’s timeline to start asset tapering grows. Gold Futuresedged down 0.03% to...
Gold was trading 0.38% up at $1800.40. Gold was down on Thursday morning in Asia, remaining near two-week lows. A strengthening dollar Index Futures contributed to the yellow metal’s losses, while investors also await the European Central Bank (ECB)’s latest policy decision. Gold Futures were down 0.21% to $1,789.75...
Brent Crudewas trading 0.72% down at $71.71. Oil slipped on Tuesday as OPEC and allies geared up for a meeting on Wednesday amid calls from the United States to pump more crude, although Brent still traded well above $70 per barrel. Prices were also under pressure from concerns that...
Brent Crudewas trading 0.87% down at $70.64. Oil prices rose on Friday and are on track to post big gains for the week on worries about supply disruptions as energy companies began shutting production in the Gulf of Mexico ahead of a possible hurricane forecast to hit on the...