(Investing) – LONDON-Oil futures dropped on Friday as they headed for a roughly 7% weekly drop as China’s economic growth slowed and threats to supply abated in the Middle East. Brent crude futures fell 89 cents, or 1.2%, to $73.56 a barrel by 1328 GMT, while U.S. West Texas Intermediate crude was at $69.72 a barrel, down 95 cents or 1.3%. The
Yahoo Finance NEW YORK – Oil prices tumbled more than $2 a barrel on Monday to multi-month lows, as investors worried about the demand outlook and took a complicated OPEC+ output decision as a sign that members of the producer group were eager to export more crude. OPEC+ on Sunday agreed to extend most of its deep oil output cuts
Yahoo Finance HOUSTON – Oil prices fell by 2.5% on Wednesday, as a bigger-than-expected rise in U.S. gasoline inventories worried markets about demand and outweighed a draw in crude stocks. Brent crude futures fell $1.96, or 2.53%, to $75.27 a barrel by 10:58 a.m. ET (1558 GMT). U.S. WTI crude futures fell by $2.19, or 3.03%, to $70.14 a barrel. U.S.
CNBC Oil dropped over 1% on Friday and was heading for a weekly decline, as a UK interest rate hike added to concern over economic growth that outweighed lower U.S. crude stocks and other signs of tighter supplies. It was the second straight day of losses. Crude had dropped about $3 on Thursday after the Bank of England raised interest rates by a bigger-than-expected half a percentage point. Central
BOE Report Oil prices rose slightly on Wednesday as traders remained cautious after a surprise rise in U.S. crude inventories stoked demand concerns on the heels of weaker-than-expected economic data from the United States and China. U.S. West Texas Intermediate crude edged up $1.52, or 2.15% to $72.05. Brent crude futures rose $1.48, or 1.98% to $76.18 a barrel. “Crude
Reuters LONDON -OPEC+ experts were holding a virtual meeting on Tuesday as a rise in oil prices to their highest in almost a year masked persistent concerns about a recovery in oil demand. The Joint Technical Committee began its meeting at about 1200 GMT and is reviewing the demand outlook and countries’ compliance with agreed output cuts. A ministerial panel
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