CNBC Oil prices rose on Wednesday after data showed U.S. inventories and fuel supplies tightening and following a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts. Brent crude futures rose $1.42, or 1.9%, to $78.26 a barrel, while U.S. West Texas Intermediate crude (WTI) gained $1.48, or 2%, to $74.40 a barrel. Saudi Arabia’s
CNBC Oil prices rose on Tuesday, recouping losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer. Brent crude for January delivery rose $2.64, or 2.8%, to $95.45 a barrel. The December contract expired on Monday at $94.83 a barrel,
BOE Report Oil prices were up on Friday, while recession fears continued to weigh on sentiment, though worries over tight global supplies capped price declines. U.S. West Texas Intermediate crude rose $2.14, or 2.09%, to $104.32 a barrel, having settled 4.2% higher a day earlier. Brent crude futures rose $1.91, or 1.83%, to $106.14 a barrel, dropping away after
Reuters LONDON – Oil prices edged higher on Monday as the U.S. dollar weakened, although concerns about the impact on demand from rising coronavirus cases in India and other countries capped gains. Brent crude was up 32 cents, or 0.5%, at $67.09 a barrel by 1353 GMT, after rising 6% last week. West Texas Intermediate (WTI) U.S. oil was up
OAG360 Publishers Notes: Check out our new DOE dashboards for crude oil inventories and natural gas inventories: https://www.oilandgas360.com/dashboards/oil-and-gas-inventories/ Reuters NEW YORK – Oil prices rose for a second day on Wednesday, gaining about 3% on an unexpected decrease in U.S. crude inventories and as Hurricane Sally forced a swath of U.S. offshore production to shut. U.S. crude stocks fell by
Reuters LONDON – Oil prices jumped around 4% on Tuesday after the International Energy Agency (IEA) increased its oil demand forecast for 2020 and as record supply cuts provided support. Brent crude LCOc1 prices were up $1.62, or 4.08%, to $41.34 a barrel at 1347 GMT. U.S. oil CLc1 rose $1.67, or 4.5% to $38.79 a barrel. In its monthly
Reuters LONDON – Oil prices firmed on Wednesday on signs of improving demand and a drawdown in U.S. crude inventories, but worries over the economic fallout from the coronavirus pandemic and weak refining margins capped gains. Brent crude futures LCoc1 were up $1.33, or 3.84%, at $35.98 per barrel at 1348 GMT. U.S. West Texas Intermediate (WTI) July crude futures
Houston Chronicle Oil jumped toward $70 a barrel in London after a U.S. airstrike ordered by President Donald Trump killed a top Iranian general in Iraq, intensifying fears of conflict in the world’s most important crude-producing region. Brent futures surged by more than 4% in busy trading on Friday to levels not seen since the attacks on Saudi Arabia’s
Reuters SINGAPORE/LONDON – Oil prices held above $63 a barrel on Monday as positive comments from the United States and China rekindled hopes in global markets that the world’s two largest economies could soon sign an interim deal to end their trade war. Brent crude futures LCOc1 were down 5 cents at $63.34 a barrel by 1424 GMT. West Texas
Crude futures rise as global politics is expected to affect supply
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