Reuters Oil prices steadied on Thursday as a drop in U.S. fuel inventories provided a floor, after four days of declines on investor concern over the global demand outlook. Brent crude futures gained 29 cents, or 0.4%, to $76.34 a barrel by 1330 GMT. U.S. West Texas Intermediate crude futures rose 43 cents, or 0.6%, to $72.36. “Crude oil prices
Yahoo Finance NEW YORK – Oil prices steadied on Thursday as investors wrestled with mixed signals about crude demand, with concerns about an economic slowdown in the U.S. contending with rising expectations the Federal Reserve would soon cut interest rates. Brent futures settled at $85.11 a barrel, rising 3 cents, while U.S. West Texas Intermediate (WTI) crude fell 3 cents
Yahoo Finance Oil prices will not change much in the second half of 2024 as concerns around demand from China and prospects of higher supply from key producers counter risks from geopolitical tensions, a Reuters poll indicated on Friday. A poll of 44 analysts and economists surveyed by Reuters in the last two weeks forecast the global benchmark, Brent crude
Yahoo Finance LONDON – Oil prices were stable on Monday, close to $100 a barrel as support from a weaker dollar and recovering Chinese crude imports met renewed demand concerns linked to China’s stringent COVID containment approach. Brent crude futures were down 1 cent, or 0.1%, to $98.56 a barrel at 1444 GMT. U.S. West Texas Intermediate crude rose
Reuters LONDON: Oil prices were steady on Thursday as the U.S. president met other Western leaders and investors waited to see how sanctions would be tightened on Russia over its invasion of Ukraine. Benchmark Brent was up 0.3% at $121.95 a barrel by 1111 GMT, after falling by close to $2 earlier in the session. U.S West Texas Intermediate (WTI)
Reuters LONDON -Oil prices were steady on Friday after a U.S. jobs report indicated a patchy recovery amid the pandemic but the demand picture remained bright globally and the aftermath of a U.S. hurricane also checked losses. Brent crude futures were up 8 cents to $73.11 a barrel at 1415 GMT, while U.S. West Texas Intermediate (WTI) crude futures were
World Oil SINGAPORE (Bloomberg) –Oil steadied after a two-day advance as investors bet the global demand recovery will remain intact despite the latest wave of Covid-19 that’s led to tighter restrictions on movement in many countries. Futures in New York traded near $69 a barrel after rising more than 4% over the previous two sessions. While Goldman Sachs Group Inc.
Reuters LONDON – Oil hovered near $70 a barrel on Friday, supported by production cuts by major oil producers and optimism about a demand recovery in the second half of the year. Benchmark Brent fell 22 cents, or 0.3%, to $69.41 a barrel by 1444 GMT while U.S. West Texas Intermediate crude was at $65.82 a barrel, down 20 cents,
CNBC Oil prices steadied on Monday, pressured by rising COVID-19 cases around the globe and by oversupply worries as OPEC and its allies are set to wind back output cuts in August, but supported by positive industry data in Europe and Asia. Brent crude rose 3 cents, or 0.1%, to $43.55 a barrel, and U.S. West Texas Intermediate crude was
Reuters LONDON – Oil futures steadied on Thursday as the market awaited confirmation of industry data that showed a surprise increase in U.S. crude stocks, which offset hopes for a demand recovery as coronavirus lockdowns ease. After tumbling on Wednesday, Brent crude futures were down 0.06%, or 2 cents, at $34.72 a barrel at 1311 GMT after dropping by more
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