Crude oil prices declined about 1 percent on Friday as investors took some profits after a good week in a context of persistent questions about the attitude of OPEC and Russia. Brent crude lost 58 cents, or 1.1 percent, to settle at $51.93 a barrel. U.S. West Texas Intermediate (WTI) crude declined 63 cents, or 1.3 percent, to close at $49.81.
read more... 10/10/2016
U.S. oil futures hit more than $50 per barrel on Friday since the entire crude forward curve rose to that level in a sign that financial markets have growing confidence in the sector.
read more... 07/10/2016
Oil prices attained session highs on Wednesday, increasing to their highest since June, after the U.S. government reported another unexpected weekly drawdown in crude inventories.
read more... 06/10/2016
Crude oil prices ended down on Tuesday after a dollar increase offset optimism over planned OPEC output reduction before a report indicating another weekly decline in U.S. crude stocks pushed prices up toward four-month highs in the post-settlement trade. Brent crude lost 2 cents at $50.87 a barrel, after rising to $51.37 during the session, its highest level since June 10. U.S. WTI crude settled down 12 cents at $48.69, after hitting $49.13 earlier, the highest level since July 5.
read more... 05/10/2016
Crude oil prices surged over 1 percent on Monday, with Brent ending the session above $50 a barrel for the first time since August and WTI crude reaching three-month highs after Iranian president urged for other oil producers to join OPEC in stabilizing the market. Brent crude rose by 70 cents, or 1.4 percent, to settle at $50.89 a barrel. It marked its first close above the key $50 mark since August 19. U.S. WTI crude settled up 57 cents, or 1.2 percent, to end at $48.81. Prior to settlement, it rallied to $49.02, its highest level since July 5.
read more... 04/10/2016