CNBC Brent crude oil prices were little changed on Wednesday as supply cuts announced this week by top crude exporters Saudi Arabia and Russia countered concern over the global economy. The Brent benchmark was up 45 cents, or 0.6%, at $76.70 a barrel by 1320 GMT, after falling more than $1 in early trade. The benchmark closed with a $1.60 gain
Yahoo Finance LONDON -Oil prices sank to their lowest since late March on Tuesday on weak economic data from China, expectations of interest rate hikes by the U.S. Federal Reserve and European Central Bank (ECB) this week, and concerns about ample supply. Brent crude fell $2.41, or 3.04%, to $76.90 a barrel by 1404 GMT while U.S. West Texas Intermediate
Investing LONDON – Oil prices held broadly stable on Wednesday, as the market weighed worsening economic prospects against expectations of U.S. crude inventory declines and plans by OPEC+ producers to reduce output. Brent crude futures inched down 15 cents, or 0.18%, to $84.79 a barrel by 1350 GMT. West Texas Intermediate U.S. crude was 19 cents, or 0.24%, lower at $80.52 a
BOE Report Oil prices fell in a volatile market on Tuesday as the U.S. dollar stayed strong and economic uncertainty offset the bullish impact of a price cap placed on Russian oil and the prospects of a demand boost in China. West Texas Intermediate crude (WTI) fell $1.06, or $1.37%, to $76.33. Brent crude futures fell $1.06, or $1.28%, to
Yahoo Finance LONDON – Oil prices fell in volatile trade on Tuesday on fears of higher U.S. supply amid economic slowdown and lower Chinese fuel demand. Brent crude futures fell by $1.35, or 1.47%, to $90.27 a barrel by 1406 GMT. U.S. West Texas Intermediate (WTI) crude futures were down $1.77, or 2.07%, at $83.69, having risen by over
World Oil (Bloomberg) — Global governments remain reluctant for now to sanction Russian energy, seeking to insulate the world economy from a greater shock even as they tighten the financial grip on the country following its invasion of Ukraine. While oil last week briefly passed $100 a barrel for the first time since 2014 and European natural gas prices jumped
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