Brent crude increased by 2.6% to close at $77.32 a barrel, due to a supply problem in Venezuela, where state-owned oil company tried to unload their products of approximately 24 million barrels, expecting to be conveyed to clients.
read more... 08/06/2018
While Brent crude slipped on Wednesday, WTI crude slumped by more than 1% after the Energy Information Administration reported a sudden increase in US crude inventories. Brent oil was generally stable at $75.36 a barrel.
read more... 07/06/2018
Oil prices recovered slightly on Tuesday supported by industry data which indicated a decrease in U.S. crude inventories. Brent crude edged up by 0.1% at $75.38 a barrel. U.S. West Texas Intermediate crude jumped by 1.2% to close at $65.52.
read more... 06/06/2018
Oil prices continued the downward evolution on Monday, as investors kept selling amid rising U.S. output, probable global supply growth and trade concerns. Brent crude futures declined by $1.50 a barrel, or 2 percent, to end at $75.29 a barrel. U.S. West Texas Intermediate crude dropped by 1.6% to close at $64.75.
read more... 05/06/2018
Oil prices fell on Friday, after U.S. President Donald Trump's declaration on trade boosted the dollar, reducing greenback-denominated commodities, including crude. Brent futures lost $0.8, or 1%, to end at $76.79 a barrel. WTI crude dropped by $1.23 a barrel to end at $65.81 a barrel.
read more... 04/06/2018