Archive for Tag: wti brent crude oil prices

WTI crude oil futures price

Oil prices soared, raising supply concerns

On Monday’s trade, the Chicago WTI crude oil futures price is up 1.60% at $102.21 per barrel. Oil prices continued to surge on Wednesday as Moscow declared that the peace talk with Ukraine had hit a dead end, intensifying supply worries. A limited downside is seen in crude oil...

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U.S. West Texas Intermediate crude futures

Oil rebounds on tight supply, prospects of new Russia sanctions

Brent Crudewas trading 1.97%up at $109.91 Oil prices clawed back heavy losses to rise more than 2% on Wednesday on supply tightness and the growing prospect of new Western sanctions against Russia even as signs of progress emerged from peace talks between Moscow and Kyiv. Brent crude futures were...

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Brent Crude

Brent Crude Oil Technical Analysis & Trading Signals

BRENT CRUDE  Price Technical Analysis: Weekly Chart In the weekly charts , Brent Crude is trading in an upward channel. Brent Crude 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 will follow an uptrend...

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Oil prices jump as Ukraine conflict stokes supply concerns

Brent Crude was trading up 4.84% at $98.75 Oil prices surged on Tuesday as concerns over supply disruptions after Russia’s invasion of Ukraine and related sanctions outweighed talks of a coordinated global crude stocks release. May Brent crude futures were up $4.02, or 4.01%, to $101.99 a barrel by...

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Oil prices take breather as Russia advances further on Ukraine

Brent Crude was trading up 0.89% at $94.39 Oil prices slipped on Friday, after sharp rises in the session, on concern over potential global supply disruptions from sanctions on major crude exporter Russia. The April Brent crude futures contract was down 33 cents, or 0.3%, to $98.75 a barrel...

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Oil heads for weekly fall on Iranian oil hopes

BRENT CRUDE OIL was trading down 1.83% at $91.22 Oil prices extended losses on Friday and were heading for a weekly fall as the prospect of increased Iranian oil exports eclipsed fears of potential supply disruption resulting from the Russia-Ukraine crisis. Brent crude futures fell $2.44, or 2,6%, to...

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Oil prices

Oil prices recoup losses as Russia-Ukraine tensions stay high

BRENT CRUDE OIL was trading up 1.34%at $94.54 Oil prices recouped losses on Wednesday as investors weighed conflicting statements on the possible withdrawal of some Russian troops from around Ukraine amid tight global supplies and recovering fuel demand. Brent crude was up $1.37, or 1.5%, at $94.65 a barrel...

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Oil hits seven-year highs as U.S. storm heightens supply concerns

Brent Oil was trading up 1.95% at $92.84. -Oil prices reached seven-year highs on Friday as geopolitical tensions and a winter storm in the United States fuelled concerns over supply disruptions. Brent Crude rose $1.32, or 1.5%, to $92.43 a barrel by 1120 GMT, having earlier touched its highest...

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crude futures

Oil falls as looming U.S. rate hikes spook investors

Brent Oil was trading 0.11% down at  $88.63. Oil prices fell on Thursday as the U.S. dollar strengthened following signs that the Federal Reserve will tighten monetary policy soon in the world’s biggest oil user. Futures pulled back amid a broader decline in financial markets after the Fed telegraphed a...

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Brent Crude

Oil prices rebound as growing political tensions fuel supply fears

Brent Oil was trading 0.72% up at  $87.48. Oil rose towards $89 a barrel on Wednesday, within sight of a seven-year high, supported by tight supply and geopolitical tensions in Europe and the Middle East that raise concerns about further disruption. U.S. President Joe Biden said on Tuesday he would...

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