Investing LONDON – Oil prices fell on Wednesday as industry data showed a rise in crude and fuel inventories in the United States and as the U.S. dollar strengthened, signalling that demand for oil is coming under pressure. Brent crude oil futures fell 52 cents, or 0.6%, to $82.64 a barrel by 1400 GMT. U.S. West Texas Intermediate crude futures fell 67
Yahoo Finance Oil prices slipped more than $1 on Wednesday as likely higher U.S. commercial inventories weighed, while weaker economic data from China and dimmed prospects of interest rate cuts stoked worries about global demand. Brent futures for June were down $1.21, or 1.3%, to $88.81 a barrel at 1330 GMT, while U.S. crude futures for May were down $1.11,
CNBC Oil prices fell on Wednesday after hitting multi-month highs in the previous session, as investors braced for the U.S. Federal Reserve’s interest rate policy announcement later in the day. Brent crude futures for May were down $1.20 or 1.4% at $86.18 a barrel by 1425 GMT. U.S. West Texas Intermediate futures for April delivery , which expire on Wednesday’s
CNBC Oil fell more than $1 on Wednesday as economic growth in China, the world’s second-largest crude user, slightly missed expectations, raising concerns about future demand, while U.S. dollar strength dented investor’s risk appetite. Brent crude futures fell $1.23, or 1.57%, to $77.06 per barrel. U.S. West Texas Intermediate crude futures (WTI) were down 92 cents, or 1.27%, at $71.48. Even the ongoing
Yahoo Finance (Reuters) -Oil prices fell 2% on Thursday, largely unwinding an earlier rally, as massive weekly gasoline and distillate stock builds overshadowed a larger-than-expected crude stock draw. Brent crude fell by $1.57, or 2%, to $79.01 a barrel by 11:23 a.m. EDT, after earlier rising over $1. U.S. West Texas Intermediate crude futures fell $1.47, or 2%, to $73.57.
Investing HOUSTON -Oil futures fell on Monday on a report the U.S. and Venezuela could soon reach a deal to ease sanctions on Venezuela if a presidential election date is set, while traders see the Israel-Hamas conflict not affecting crude supplies in the short term. Brent futures were down 59 cents, or 0.67%, at $90.27 a barrel at 10:30 CDT (1532
CNBC Oil prices fell on Wednesday, as fears of disruption to supplies due to conflict in the Middle East receded a day after top OPEC producer Saudi Arabia pledged to help stabilize the market. Brent crude last fell $2.06, or 2.35%, to $85.59 a barrel U.S. West Texas Intermediate (WTI) crude fell by $2.48, or 2.95%, to $83.43. Brent and WTI
Investing Oil prices fell slightly on Thursday, with Brent crude holding close to January highs, as speculation about another U.S. interest rate hike faded following inflation data and OPEC remained positive on the oil demand outlook. Both benchmarks have been on a sustained rally since June, with WTI trading at its highest this year on Thursday and Brent hitting its highest price
CNBC Oil prices fell in choppy trading on Tuesday as a clouded oil demand outlook outweighed the potential boost from a cut to China’s benchmark lending rates. Brent crude fell 92 cents, or 1.2%, to $75.17 a barrel by 1345 GMT. U.S. West Texas Intermediate (WTI) crude for July was down $1.53 from Friday’s close at $70.25. The
CNBC Oil prices fell on Wednesday on a stronger U.S. dollar and as weak data from top oil importer China raised demand fears. Brent crude futures for August delivery were last down $1.69, or 2.3%, to $71.85 a barrel. U.S. West Texas Intermediate crude (WTI) fell $1.91, or 2.75%, to $67.55. Both benchmarks fell by more than 4% on Tuesday. Brent’s July contract, which
CNBC Oil prices ticked up on Friday, as the market weighed conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting. Brent crude was last up 53 cents at $76.79 a barrel, while U.S. West Texas Intermediate rose 63 cents to $72.46 a barrel. Benchmarks had settled more than $2 per barrel lower
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
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