Oil prices rose slightly on Tuesday, due to imminent U.S. sanctions against Iran and an outage at Syncrude Canada facility that reduced crude supplies. Brent crude soared by 0.6% to $77.76 a barrel. WTI crude edged 0.3% higher at $74.14 a barrel, reaching a new peak since the end of 2014.
read more... 04/07/2018
Oil crude prices surged on Monday, as increased supply from Saudi Arabia and Russia and U.S. sanctions against Iran weighed down on demand. Brent crude slumped by 2.7% to $77.3 a barrel, while WTI crude slipped by 0.3% to $73.94 a barrel.
read more... 03/07/2018
Oil prices climbed on Friday as U.S. sanctions against Iran at a time of escalating demand will most likely lead to a decline of crude volumes in the global market. Brent crude traded 2% higher to $79.44 a barrel. WTI crude hiked by 1% to hit its highest since November 2014 at $74.15 a barrel.
read more... 02/07/2018
Oil supply shortage and higher demand after latest U.S. sanctions contributed to increase in prices on Thursday. Moreover, the draw in U.S. crude stocks also led to the upward evolution in prices. Brent crude soared by 0.3% to $77.85 a barrel, while WTI crude settled around 1% higher at $73.45 a barrel.
read more... 29/06/2018
Decreasing U.S. crude stocks, a supply outage at Syncrude in Canada and uncertainty over Lybian exports boosted oil prices on Wednesday. Brent crude jumped to almost a three-week peak, to settle 1.7% higher at $77.62 a barrel. Meanwhile, WTI crude rose by 3.1% to $72.76 a barrel, or a 3 ½ -year high.
read more... 28/06/2018