Oil prices soared on Monday, on concerns about supply disruptions, as U.S. sanctions on Iran could affect crude production. Brent crude rose 0.9% to $74.97 a barrel. WTI crude jumped at $70.13 a barrel, closing about 2.1% higher.
read more... 31/07/2018
Oil prices fell on Friday, due to a decline in the U.S. equities market. Brent futures dropped by 25 cents, or 0.3%, to close at $74.29 a barrel, posting nevertheless a 1.8% weekly gain for the first time in four weeks supported by reduced trade tensions and a provisory closure of an important crude oil shipping lane. WTI futures declined by 1.3% to close at $68.69 a barrel.
read more... 30/07/2018
Oil prices increased on Thursday, as Saudi Arabia decided to stop oil exports after two ships which traversed the Bab el-Mandeb strait have been attacked by Yemen’s Iran-aligned Houthis. Brent crude rose by 0.8% to $74.54 a barrel, while WTI crude edged 0.5% higher at $69.61 a barrel.
read more... 27/07/2018
Oil prices continued their upward evolution on Wednesday, as U.S. government data indicated that crude inventories hit their minimum level since February 2015. Brent crude edged 0.7% higher at $73.93 a barrel. Meanwhile, WTI crude gained 1.1% to settle at $69.30 a barrel.
read more... 26/07/2018
Oil prices soared on Tuesday, amid concerns over a potential rise in demand from China, shifting focus from the trade war between the country and the United States. Brent crude edged 0.5% higher at $73.44 a barrel. Consequently, WTI crude gained 0.9% to settle at $68.52 a barrel.
read more... 25/07/2018