Oil prices fell on Thursday, backing off from recent gains that were stimulated by tension around northern Iraq after the Kurdistan region's vote in favour of independence. Brent crude price settled down 49 cents, or 0.9%, at $57.41 a barrel. Meanwhile, WTI crude traded 1.1% lower at $51.56 a barrel.
read more... 29/09/2017
Brent prices slumped on Wednesday, while U.S. crude rallied, after oil stockpiles in the world's major consumer unpredictably drew down with refiners coming back online following Hurricane Harvey last month.
read more... 28/09/2017
Oil prices prolonged gains on Monday, with Brent crude hitting a 26-month peak, supported by Turkey's menace to reduce crude flows from Iraq's Kurdistan area to the outside world.
read more... 26/09/2017
Oil prices were mixed on Thursday as the market waited to see if the biggest oil producers would deepen supply reductions beyond March at a reunion in Vienna. Brent crude futures closed 0.25% up at $56.43 a barrel. Meanwhile, WTI crude futures ended 0.3% down at $50.55 per barrel.
read more... 22/09/2017
Oil prices hiked on Thursday, with Brent closing at a five-month high, after several reports predicted a further tightening of the market as fuel demand increased.
read more... 15/09/2017