Oil prices dropped on Thursday as Hurricane Harvey, expected to come ashore as the strongest storm to hit the U.S. mainland in 12 years, threatened oil operations along the energy hub on the U.S. Gulf Coast. Brent crude settled down 53 cents a barrel, or 1 percent, at $52.04. Meanwhile, WTI crude price fell 2% to $47.43 a barrel.
read more... 25/08/2017
Oil prices soared on Wednesday after U.S. crude inventories dropped for the eighth straight week and as a storm approached the Gulf Coast with the potential to disrupt the production of oil and refined products. Brent crude futures settled 70 cents up to $52.57 a barrel, while U.S. West Texas Intermediate was trading at $48.41, up 58 cents.
read more... 24/08/2017
Oil prices edged up on Tuesday, boosted by expectations of another crude stockpile drawdown in the United States, but price gains were limited amid the reopening of Libya's biggest oil field. Brent crude ended higher by 21 cents, or 0.4 percent, at $51.87 a barrel, while U.S. crude futures settled 46 cents up at $47.83.
read more... 23/08/2017
Oil prices dropped on Monday by over 2 percent ahead of the expiration of the monthly contract, slipping from last week's rally built on signs that the global market is beginning to rebalance from ongoing oversupply.
read more... 22/08/2017
Oil prices increased sharply on Friday, due to a weaker dollar weakened and as U.S. drillers cut rigs, feeding a rally boosted global benchmark Brent crude to a weekly gain, while U.S. crude was almost flat week-on-week.
read more... 21/08/2017