Oil prices were mixed on Thursday. Brent oil price rose slightly to $77.59 a barrel, due to a larger-than-forecasted drop in crude inventories. WTI crude declined as the Organization of the Petroleum Exporting Countries is likely to bring its supply-cut deal to a close by the end of the year. WTI futures fell by $1.17, or 1.7% to settle at $67.04 a barrel.
read more... 01/06/2018
Oil prices surged on Wednesday, as Russia's central bank expressed caution on plans to increase oil supply. Brent crude gained $2.11, or 2.8% to close at $77.50 a barrel. WTI futures added $1.48, or 2.2% to end at $68.21 a barrel.
read more... 31/05/2018
Oil prices rose slightly on Tuesday, driven high by expectations that Saudi Arabia and Russia could produce more crude to compensate a possible supply deficit. Brent crude gained 0.1% to end at $75.39 a barrel. WTI futures added $0.21, or 0.3% to trade at $66.73 a barrel.
read more... 30/05/2018
Oil prices continued their bearish trend on Monday as Saudi Arabia and Russia announced they might boost supplies, while U.S. production gains are not slowing. Brent crude lost $1.14, or 1.5%, to end at $75.30 a barrel. WTI futures closed $1.36, or 2%, down at $66.52 a barrel.
read more... 29/05/2018
Oil prices fell on Friday as Saudi Arabia and Russia discussed about the possibility to reduce production cuts that have boosted prices to their highest levels since 2014. Brent crude lost $2.35, or 3%, to close at $76.44 a barrel. WTI futures ended $2.83, or 4%, lower at $67.88 a barrel.
read more... 28/05/2018