Oil prices surged on Thursday after a survey showed that OPEC's commitment to its supply cuts is still in place, even if U.S. output hit 10 million barrels per day for the first time since 1970. Brent crude settled 0.9% higher at $69.65 per barrel. WTI crude ended at $65.8 per barrel, up 1.7%.
read more... 02/02/2018
Oil prices declined on Thursday before the end of the peak-demand winter season in the northern hemisphere, as crude market fundamentals are expected to weaken.
read more... 26/01/2018
Oil prices dropped off three-year highs on Tuesday as traders booked profits, but strong demand underpinned prices near $70 per barrel, a level not seen since the market decline in 2014.
read more... 17/01/2018
Oil prices surged on Friday, remaining on track for a fourth consecutive week of gains, bolstered by a drawdown in U.S. inventories and a pullback in production, combined with steady demand and the extension of OPEC’s global supply cut deal.
read more... 15/01/2018
Crude oil prices touched new multi-year peaks on Wednesday as OPEC-led output reductions and increased demand helped to balance the market, but analysts warned of a potential overheating.
read more... 11/01/2018