Oil prices declined to largest one-day drop in two weeks on Thursday, on expectations that OPEC could gradually end an output deal due to concerns related to supplies from Venezuela and Iran. Brent crude lost $1.01, or 1.3%, to end at $78.79 a barrel. WTI futures dropped by $1.13, or 1.6%, to close at $70.71 a barrel.
read more... 25/05/2018
Oil prices were mixed on Wednesday. Brent futures soared following a report that OPEC might scale back its agreement to curb oil production at its June meeting, adding $0.23, or 0.3%, to close at $79.80 a barrel. WTI futures lost $0.36, or 0.5%, due to an unexpected hike in U.S. crude stockpiles, to settle at $71.84 a barrel.
read more... 24/05/2018
Oil prices were mixed on Tuesday. Brent futures rose close to $80 a barrel level on Tuesday, adding $0.35, or 0.4%, on concerns that decreasing Venezuelan crude output and a potential decline in Iranian exports could further reduce global supply. Brent crude settled at $79.57 a barrel. WTI futures slightly fell due to expectations that OPEC may raise supplies as early as June, to settle at $72.20 a barrel.
read more... 23/05/2018
Oil prices rose on Monday, rebounding from earlier losses after geopolitical tensions led to stronger crude market and a trade war between the U.S. and China was declared on hold. Brent futures added $0.71, or 0.9% to close at $79.22 a barrel. WTI crude gained $0.96, or 1.4% to close at $72,24 a barrel, new high.
read more... 22/05/2018
Oil prices fell on Friday as Saudi Arabia made assurances on supply. Brent crude dropped 0.79 cents, or 1%, to close at $78.51 a barrel. WTI futures edged $0.21, or 0.3% down at $71.28 a barrel.
read more... 21/05/2018