(Yahoo Finance) – Oil prices fell about 2% on Monday after China’s stimulus plan disappointed investors seeking fuel demand growth in the world’s second-biggest oil consumer and as the U.S. dollar edged higher. Brent crude futures were down $1.83, or 2.48%, to $72.04 a barrel by 1444 GMT while U.S. West Texas Intermediate crude futures were at $68.47 a barrel, down
CNBC Oil prices edged lower on Friday, and were on course for their steepest weekly loss in three months, as investors weighed weaker-than-expected U.S. jobs data and the timing of a Federal Reserve interest rate cut. Brent crude futures for July were down 71 cents, or 0.85%, to settle at $82.96 a barrel. U.S. West Texas Intermediate crude for June
CNBC Oil prices fell at Asia’s open on Monday, as market participants dialed back risk premiums following Iran’s attack on Israel late on Saturday which the Israeli government said caused limited damage. Brent futures for June delivery fell 24 cents to $90.21 a barrel while West Texas Intermediate (WTI) futures for May delivery were down 38 cents at $85.28 a barrel by 1256 GMT. The attack
Yahoo Finance HOUSTON (Reuters) -Oil prices dipped during the first session of 2024, with economic headwinds from interest rate jitters unraveling gains from worries that tensions in the Red Sea could disrupt supplies. Brent crude was down 62 cents, or 0.8%, to $76.42 a barrel at 12:01 p.m. ET (17:01 GMT). U.S. West Texas Intermediate crude was down 72 cents,
Yahoo Finance LONDON – Oil prices stabilised on Friday and were set to end the week flat as the market balanced supply fears against renewed economic concerns in the United States and China. Brent crude futures was down 5 cents, or 0.07%, at $74.93 a barrel by 1145 GMT. West Texas Intermediate (WTI) U.S. crude futures were up 4 cents,
BOE Report Oil prices fell on Tuesday after the U.S. government said it would release more crude from its Strategic Petroleum Reserve (SPR) as mandated by lawmakers, defying expectations from some traders that the release could be cancelled or delayed. U.S. West Texas Intermediate Crude futures fell by $1.40, or 1.77%, to $77.72 per barrel. Brent crude futures fell by
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 slipped on Tuesday as recession concerns and worsening COVID-19 outbreaks in top crude importer China heightened fears of lower fuel demand. Brent crude was down 31 cents, or 0.3%, at $97.61 a barrel by 1450 GMT, while U.S. West Texas Intermediate (WTI) crude was 50 cents, or 0.5%, lower at $91.29. They retraced
CNBC Oil prices slipped on Thursday in thin trade ahead of a public holiday, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply. Brent futures were down $1.17, or 1.1%, at $107.61 a barrel, while U.S. West Texas Intermediate futures were off $1 or 1%, at $103.25 a barrel at 1110 GMT. Both contracts on Wednesday had
Reuters NEW YORK – Oil prices fell on Thursday, falling from a multi-week high a day earlier on profit taking and as the threat to U.S. Gulf crude production from Hurricane Nicholas receded. Brent crude was down 54 cents, or 0.7%, at $74.92 a barrel by 10:52 a.m. ET (1452 GMT.) On Wednesday Brent touched $76.13, its highest since July
Reuters NEW YORK -Oil prices fell for a third day in a row to a two-week low on Wednesday on a surprise build in U.S. crude stockpiles and as the spread of the coronavirus Delta variant outweighed the impact of Mideast geopolitical tensions. The U.S. Energy Information Administration (EIA) said crude stockpiles rose 3.6 million barrels during the week ended
Tribune Oil prices fell on Monday due to concerns over fuel demand caused by the spread of Covid-19 variants and as changes to import rules in China offset expectations of tight supplies through the rest of the year. Brent crude futures for September fell $0.35, or 0.4%, to $73.75 a barrel by 1100 GMT while US Texas Intermediate crude was
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