Archive for Tag: Latest Commodity Markets Outlook

Crude oil futures

Oil prices rebound as growing political tensions fuel supply fears

Brent Oil was trading 0.84%up at $86.18. Oil expenses bounced again on Tuesday, convalescing a number of the preceding day’s losses, as developing anxiety in Eastern Europe and the Middle East fuelled issues over feasible deliver disruptions in an already tight market. Brent crude futures rose $1.21, or 1.five%,...

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Commodity – Oil prices rise on expected U.S. stocks draw

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...

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Crude oil prices steady near multi-year highs

Brent Crudewas trading 0.65% down at $73.90. Crude oil prices hovered near multi-year highs on Thursday buoyed by dropping U.S Crude inventories and broadly shrugging off a stronger U.S. dollar. Brent Crude Oil futures dropped 20 cents, or 0.2%, to $74.19 a barrel by 1156 GMT. They hit their...

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