US News LONDON – Brent crude oil prices steadied around $88 a barrel on Wednesday after rallying in the previous session on a surprise fall in U.S. crude stocks and a drop in business activity in the world’s largest oil consumer. Brent crude futures were down 35 cents, or 0.4%, to $88.07 a barrel by 1315 GMT, while U.S. West
Yahoo Finance NEW YORK – Oil prices were little changed in volatile trade on Tuesday as a stronger U.S. dollar and demand concerns offset supply worries after Russia said OPEC+ was ready to deepen output cuts in the first quarter of next year. Brent futures fell 29 cents, or 0.45%, to $77.74 a barrel by 12:30 p.m. EST (1730 GMT),
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
Oil Price Crude oil prices were little changed at the start of the week—and the second half of the year—as traders brace up for tighter supply. Saudi Arabia will this month reduce its oil output by 1 million barrels daily. It remains to be seen if it will extend the reduction beyond July but expectations are that the July cuts will
BOE Report U.S. natural gas futures were little changed on Tuesday as the market waits for demand to rise once liquefied natural gas (LNG) export plants start to exit maintenance outages in coming weeks. That expected demand increase was offset by record output, mild weather and low LNG exports in the past month or so, allowing utilities to
Reuters Oil prices were steady on Wednesday, with market players on the lookout for fuel demand pointers amid COVID-19 concerns after Singapore suspended quarantine-free travel and Australia renewed its vaccination push due to a surge in Omicron variant cases. U.S. West Texas Intermediate (WTI) crude futures slighty dipped 5 cents, or 0.07%, to $71.22 a barrel after jumping 3.7% on
Reuters LONDON – The oil price is holding steady close to $45 a barrel, but prices further forward and in the physical market are showing new signs of weakness mainly due to a fall in demand from China after the country’s buying binge earlier in the year. The spread between Brent crude for nearby delivery and six-months ahead is at
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