(Investing) – Oil prices rose Monday on optimism new tariff announcements from U.S. President Donald Trump will not be as severe as first feared. At 08:55 ET (12:55 GMT), Brent Oil Futures expiring in May rose 0.4% to $71.86 per barrel, while West Texas Intermediate (WTI) crude futures gained 0.4% to $68.55 per barrel. Both benchmarks settled higher on Friday and recorded a second consecutive
(Investing) – LONDON -Oil prices fell slightly on Friday but were heading for a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group raised expectations of tighter supply. Brent crude futures were down 23 cents, or 0.3%, at $71.77 a barrel by 1300 GMT. U.S. West Texas Intermediate crude futures fell
(Investing) – LONDON – Oil prices steadied on Monday as investors awaited clarity on talks to end the war in Ukraine and weighed up the prospect of a resumption in crude exports from northern Iraq. Brent futures were down 6 cents, or 0.1%, at $74.37 barrel by 1302 GMT while U.S. West Texas Intermediate crude futures declined by 14 cents, or 0.2%,
(Investing) – Oil prices fell on Friday, but were on course to secure a weekly gain, as traders eyed supply chain disruptions in Russia and a drawdown in U.S. gasoline and distillate stockpiles. Brent oil futures had fallen by 0.8% to $75.86 per barrel as of 08:05 ET (13:05 GMT), while West Texas Intermediate (WTI) crude futures had slipped by 0.9% to $71.85 per
(Investing)– Oil prices were steady in European trading on Thursday after touching an almost one-week high in the prior session, as traders weighed an increase in U.S. crude oil inventories. Brent oil futures rose 0.6% to $76.51 per barrel as of 09:10 ET (14:10 GMT), while West Texas Intermediate crude futures advanced by 0.6% to $72.58 a barrel. The American Petroleum Institute (API) reported
(Investing) – Oil prices fell Thursday as U.S. President Donald Trump talked up a potential peace treaty between Russia and Ukraine, which could potentially free up Russian oil supply curbed by U.S. sanctions. At 09:00 ET (14:00 GMT), Brent oil futures expiring in April fell 1.3% to $74.22 a barrel, while West Texas Intermediate crude futures fell 1.3% to $70.44 a barrel. Ukraine peace talks
(Investing) – LONDON – Oil prices rebounded on Monday despite lingering fears over a potential global trade war after U.S. President Donald Trump’s latest tariff plans, this time targeting steel and aluminium. Brent crude futures were up 87 cents, or 1.2%, at $75.53 a barrel by 1413 GMT. U.S. West Texas Intermediate crude added 1.3%, rising 90 cents to $71.90. Monday’s gains
(Investing) – Crude prices fell on Tuesday as U.S. tariffs on China took effect and Beijing retaliated with its own measures, heightening trade war fears, while U.S. President Trump delayed a decision on imposing steep levies on Canada and Mexico for a month. U.S. West Texas Intermediate (WTI) crude was down $1.63, or 2.23%, at $71.53 per barrel at 1302 GMT,
(Investing) – Oil prices rose slightly Thursday, bouncing to a degree after the recent downturn as traders braced for higher US production and possible disruption to trade under the new Trump administration. At 08:20 ET (13:20 GMT), Brent oil futures expiring in March rose 0.1% to $79.07 a barrel, while West Texas Intermediate crude futures climbed 0.1% to $75.47 a barrel. Crude prices tumbled from a
(Investing) – HOUSTON – Oil prices slipped on Monday as U.S. President-elect Donald Trump’s inauguration is expected to bring a flurry of policy announcements that may clarify how he plans to end the Russia-Ukraine war, boost U.S. oil and gas production and lower costs for consumers. Brent crude futures declined by $1.23, or 1.5%, to $79.58 by 10:57 a.m. EST (15:57 GMT).
(Investing) – Oil prices rose on Wednesday as the market focused on potential supply disruptions from U.S. sanctions on Russian energy companies and tankers carrying Russian oil. Brent crude futures were up 80 cents, or 1%, at $80.72 a barrel by 11:00 a.m. EST (1600 GMT). U.S. West Texas Intermediate crude was $1.14, or 1.47%, higher at $78.64. The latest round of
(Investing) – LONDON -Oil prices rose slightly on Thursday as investors factored in firm winter fuel demand expectations despite large U.S. fuel inventories and macroeconomic concerns. Brent crude futures were up 35 cents, or 0.5%, at $76.51 a barrel by 1246 GMT. U.S. West Texas Intermediate crude futures gained 30 cents, or 0.4%, to $73.62. Both benchmarks fell more than 1% on
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