A stronger dollar and a potential decision of the OPEC and its allies to increase production weighed on Brent crude on Thursday, which settled 80 cents, or about 1% lower at $75.94 a barrel. Meanwhile, WTI crude soared by 0.4% to end at $66.89 a barrel, in a catchup process to the higher priced products and Brent values.
read more... 15/06/2018
Increased demand in fuel consumption in the United States and lower crude inventories boosted oil prices on Wednesday. Brent crude futures rose by 1.1% to settle at $76.74 a barrel. U.S. West Texas Intermediate (WTI) crude futures added 28 cents, or 0.4%, to $66.64 a barrel.
read more... 14/06/2018
Predictions that voluntary output reductions led by OPEC might be eased weighed down on Brent crude on Tuesday, which closed 0.8% lower at $75.88 a barrel. OPEC warned about downside risks to demand in the last quarters of the 2018, stating that oil market outlook is uncertain.
read more... 13/06/2018
On Monday, oil prices edged slightly higher on optimism over the US – Korea summit’s aftermath between their leaders — Donald Trump and Kim Jonh Un in Singapore. Brent crude futures was stable at $76.46 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures rose by 0.6% to $66.10 a barrel.
read more... 12/06/2018
Oil prices retreated on Friday, pressured by growing Russian output and the highest in more than three years U.S. drilling activity. Brent crude dipped by 1.1% to close at $76.46 a barrel. West Texas Intermediate (WTI) crude contracts closed 21 cents lower at $65.74 a barrel, or about 0.3% loss.
read more... 11/06/2018