(Investing) – HOUSTON -Oil prices were held in check on Thursday by threatened U.S. tariffs on Canadian and Mexican crude that could take effect this weekend. Brent crude futures were up 27 cents at $76.85 a barrel at 11:05 a.m. CST (1705 GMT). U.S. crude futures were up 13 cents to $72.75. U.S. crude futures had settled at their lowest price this year
(Oil Price) – Analysts at Wall Street bank Citigroup have predicted that oil prices will remain elevated in 2025 thanks to U.S. sanctions on oil exports, logistical challenges and strategic policy decisions by major producers and governments. Citigroup notes that Over 180 vessels, integral to transporting Russian crude, are now restricted. Two weks ago, the Biden administration issued sanctions against Russian crude, and
(Investing) – HOUSTON – Oil prices slipped on Monday as U.S. President-elect Donald Trump’s inauguration is expected to bring a flurry of policy announcements that may clarify how he plans to end the Russia-Ukraine war, boost U.S. oil and gas production and lower costs for consumers. Brent crude futures declined by $1.23, or 1.5%, to $79.58 by 10:57 a.m. EST (15:57 GMT).
(Investing) – Oil prices rose on Wednesday as the market focused on potential supply disruptions from U.S. sanctions on Russian energy companies and tankers carrying Russian oil. Brent crude futures were up 80 cents, or 1%, at $80.72 a barrel by 11:00 a.m. EST (1600 GMT). U.S. West Texas Intermediate crude was $1.14, or 1.47%, higher at $78.64. The latest round of
(Investing) – LONDON -Oil prices rose slightly on Thursday as investors factored in firm winter fuel demand expectations despite large U.S. fuel inventories and macroeconomic concerns. Brent crude futures were up 35 cents, or 0.5%, at $76.51 a barrel by 1246 GMT. U.S. West Texas Intermediate crude futures gained 30 cents, or 0.4%, to $73.62. Both benchmarks fell more than 1% on
(Investing) – LONDON -Oil prices rose on Monday, remaining at their highest since mid-October as colder weather spurred buying while further support was provided by a weaker U.S. dollar and expectations of tighter sanctions on Iranian and Russian oil exports. Brent crude futures gained 49 cents, or 0.6%, to $77 a barrel by 1319 GMT, their highest since Oct. 14. U.S. West
(Oil Price) – Oil prices began the 2025 trading year with a rise in Asia on Thursday as market sentiment turned positive on expectations of stronger economic and oil demand growth. Oil prices have been rangebound for most of the fourth quarter amid concerns about demand in China and other major economies and expectations of an oversupply this year. For 2024, oil saw
(Investing) – LONDON – Oil prices stabilised on Monday after losses last week as lower-than-expected U.S. inflation data offset investors’ concerns about a supply surplus next year. Brent crude futures were down by 38 cents, or 0.52%, to $72.56 a barrel by 1300 GMT. U.S. West Texas Intermediate crude futures were down 34 cents, or 0.49%, to $69.12 per barrel. Oil prices
(Investing) – Oil prices fell Friday, heading for a hefty weekly loss and pressured by a stronger dollar and continued demand concerns, especially in top crude importer China. A 08:55 ET (13:55 GMT), Brent oil futures expiring in February fell 0.5% to $72.43 a barrel, and West Texas Intermediate crude futures fell 2.4% to $68.91 a barrel. Oil heads for weekly losses amid dollar pressure Both
(Investing) – Oil prices rose slightly on Thursday, supported by falling U.S. crude inventories, though gains were limited after the U.S. Federal Reserve signalled it would slow the pace of interest rate cuts in 2025, a move that could dampen economic growth, reduce fuel demand, and strengthen the dollar. Brent crude futures rose 44 cents, or 0.60% to $73.83 a barrel by 1414 GMT.
(Investing) – LONDON – OPEC cut its 2024 global oil demand growth forecast for a fifth straight month on Wednesday and by the largest amount yet, a series of downgrades that highlights China’s sputtering role as the world’s demand growth engine. The weaker outlook underlines the challenge facing OPEC+, which comprises the Organization of the Petroleum Exporting Countries and allies such
(Oil Price) – The oil market is bracing for a tough 2025, but Barclays believes the industry’s pessimism might be overdone. Brent crude hovered around $71 per barrel this week, raising chatter of a potential dip into the $50-$60 range next year. But Barclays’ analysts argue that the market’s fixation on oversupply could be cloaking the inevitable tightening of supply-demand dynamics.
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