Archive for Tag: wti brent crude oil prices

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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Crude oil futures

Oil prices rise on supply fears amid tensions in Eastern Europe, Middle East

Brent Oil  was trading 0.68% up at  $87.66. Oil prices rose on Monday on worries about supply disruption amid rising tensions in Eastern Europe and the Middle East, which could make an already tight market even tighter, while OPEC and its allies continued to struggle to raise output. Crude oil...

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Oil prices slip from 2014 highs, supply concerns limit losses

Brent Oil was trading 0.42% down at  $88.05. Oil slipped on Thursday as investors took profits following a month-long rally in prices, but strong demand and short-term supply disruptions continue to support prices close to their highest levels since late 2014. Brent crude futures fell 49 cents, or 0.6%, to...

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Brent crude futures

Oil highest since 2014 as Turkey outage adds to tight supply outlook

Brent Oil was trading 1.31% up at  $88.62. Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates. Brent crude futures rose...

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Brent crude futures

Oil prices hit 7-year highs as tight supply bites

Brent Oil was trading 1.13% up at  $87.61. Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook. Brent crude futures rose $1.02, or 1.2%, to $87.50 a barrel by 0924...

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Brent crude futures

Oil climbs on supply worries, limited Omicron impact

Brent Oil was trading 0.44% up at  $86.45. Oil prices rose on Monday, with Brent futures touching their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus variant. Brent crude futures gained...

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Crude futures

Commodity – Oil prices poised for fourth week of gains

Brent Oil was trading 1.10%up at $85.45. Oil futures rose on Friday and were set for a fourth week of gains, boosted by supply constraints and a weaker dollar, though an imminent release of crude reserves from China looms. Crude futures rose 85 cents, or 1%, to a two-month...

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Oil prices

Oil slips from one-month high after U.S. fuel inventory surge

Brent Oil was trading 1.44%Up at $81.93. Oil prices lost ground on Thursday, falling from their highest levels in more than a month after U.S. fuel stockpiles surged amid declining demand. The global benchmark Brent crude futures fell 63 cents, or 0.8%, to $80.17 a barrel, as of 0727...

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Brent Oil

OPEC+ expected to stick with planned Feb output increase, sources say

Brent Oil was trading 1.23%Up at $78.77. OPEC+ is expected to stick to its plans for a February output increase when it meets on Tuesday, predicting a mild and short-lived impact on demand from the Omicron coronavirus variant, three sources from the group of oil producers told Reuters on...

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