Oil rose above $68 a barrel to its highest since December 2014 on Thursday after conflicts in Iran raised concerns about supply risks, with support also coming from OPEC-led production cuts and demand-boosting cold weather in the US. Brent crude ended 23 cents, or 0.3%, at $68.07 a barrel. Meanwhile, U.S. crude increased 4 cents to $61.67 and also touched its highest since May 2015.
read more... 05/01/2018
Oil prices surged by about 2 percent on Wednesday to the highest in 2-1/2 years, with purchasing stimulated by a sixth day of unrest in OPEC member Iran and strong economic data from the United States and Germany. International benchmark Brent crude futures ended up $1.27 a barrel, or 1.9 percent, to $67.84 a barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures settled at $61.63 a barrel, up $1.26, or 2.1 percent.
read more... 04/01/2018
Crude prices increased on Wednesday, encouraged by a larger-than-expected decline in U.S. inventories and the ongoing outage of the North Sea Forties pipeline system. Brent crude settled 76 cents, or 1.2%, higher at $64.56 a barrel. Meanwhile, West Texas Intermediate crude futures settled up 53 cents at $58.09 a barrel.
read more... 21/12/2017
Oil edged up toward $64 a barrel on Tuesday, supported by a North Sea pipeline outage, OPEC-led supply reductions and expectations that U.S. crude inventories had decreased for a fifth week.
read more... 20/12/2017
Benchmark Brent crude prices edged higher on Monday, buyout by a North Sea pipeline outage and a workers' strike in the Nigerian energy industry, but U.S. prices slid slightly, highlighting worries about increasing U.S. production. Brent crude futures traded 18 cents, or 0.3%, up at $63.41. U.S. crude futures fell 14 cents to $57.16.
read more... 19/12/2017