Friday saw an upward trend in oil prices, as looming Washington’s sanctions over Iranian crude exports will likely lead to a reduction in the market supplies. Accordingly, Brent crude ended 1% higher at $77.62 a barrel. Meanwhile, WTI crude gained only 0.4% to 67.59 a barrel.
read more... 29/10/2018
Oil contracts were bullish on Thursday, following the declaration of the minister of Saudi Arabia that major exporters would probably have to support crude markets. Brent crude rose by 1% to $76.89 a barrel. Meanwhile, WTI crude gained 0.8% to close at $67.33 a barrel.
read more... 26/10/2018
Oil prices slumped on Tuesday, following Saudi Arabia promises to supply the market, as the U.S. sanctions over the Iranian exports will be implemented in less than 2 weeks. Brent crude price tumbled by 4.3% to $76.44 a barrel. Meanwhile, price for WTI crude decreased by 4.2% to $66.43 a barrel.
read more... 24/10/2018
On Monday, oil prices edged slightly higher, following a small reduction in supplies as sanctions against Iranian exports will be soon applied and as Saudi minister Khalid al-Falih suggested that tensions with the U.S. would not affect the market. Brent crude price was 0.1% up at $79.83 a barrel. Meanwhile, WTI crude futures increased by 0.4% to $69.36 a barrel.
read more... 23/10/2018
Global oil prices were slightly up on Tuesday, as forecasts for U.S. supply growth were offset by concerns over the Middle East crude supply due to geopolitical tensions, and the approaching U.S. sanctions on Iranian exports. U.S. West Texas Intermediate futures edged 0.2% higher on Tuesday, to trade at $71.92 a barrel. Meanwhile, Brent crude oil futures rose by 0.8% to end at $81.41 a barrel.
read more... 17/10/2018