Crude oil prices rebounded about 3 percent on Thursday, with U.S. crude increasing above the $40 per barrel mark on short covering and after a slight inventory decline at the delivery hub for U.S. crude futures. Brent crude boosted $1.19, or 2.8 percent, to settle at $44.29 a barrel. U.S. West Texas Intermediate (WTI) crude climbed $1.10, or 2.7 percent, to close at $41.93 per barrel.
read more... 05/08/2016
Crude oil prices climbed more than 3 percent on Wednesday, with U.S. crude futures returning to above $40 a barrel, after a bigger-than-expected gasoline withdrawal offset an unexpected increase in crude inventories in the U.S. U.S. West Texas Intermediate (WTI) crude rose by $1.32, or 3.3 percent, to settle at $40.83 a barrel. Brent crude boosted $1.30, or 3.1 percent, to close at $43.10.
read more... 04/08/2016
U.S. crude oil tumbled on Tuesday to settle below $40 a barrel for the first time since April as continuing concerns of crude and refined fuel oversupply and a decrease in U.S. equities counterbalanced an early boost from a weak dollar. U.S. West Texas Intermediate (WTI) crude ended down 55 cents, or 1.4 percent, at $39.51 a barrel, after earlier rallying to $40.91. Brent crude lost 34 cents, or 0.8 percent, to close at $41.80, after attaining a session high at $43.18.
read more... 03/08/2016
Crude oil prices closed down nearly 4 percent on Monday on intensified worries of crude oil oversupply , with U.S. crude falling below 40$ per barrel on Monday for the first time since April. Brent crude ended down $1.39, or 3.2 percent, at $42.14 a barrel, after a session low of $41.87. U.S. West Texas intermediate (WTI) crude closed at $40.06, its weakest level since April 20, down $1.54, or 3.7 percent.
read more... 02/08/2016
Crude oil prices were flat on Friday after reaching three-month lows during a week-long selloff driven by a continuing global oversupply , prompting a monthly decline of nearly 15 percent, the largest monthly loss in a year for U.S. WTI. Brent contract for September delivery, which expired as the front-month contract, ended at $42.46 a barrel, down 0.6 percent on the day and 14.5 percent lower on the month. That was the biggest monthly decline for Brent since December. Brent contract for October delivery boosted 30 cents to close at $43.53, after attaining $42.52, its weakest level since April 19. WTI contract for September delivery gained 46 cents, or 1 percent, to settle at $41.60 a barrel, after declining below $41 for the first time since April 20.
read more... 01/08/2016