Oil prices slightly increased on Friday, after steep declines previously during the week, mainly due to increased buying activity among traders, who have taken long positions after closing their prior positions earlier last week. Brent crude for August delivery added 0.61% to settle at $48.15 a barrel on the London ICE Futures Exchange, while the West Texas Intermediate for July delivery increased 0.19 U.S. dollar to settle at $45.83 a barrel on the New York Mercantile Exchange.
read more... 12/06/2017
Crude oil fell for a second consecutive day on Thursday to hit a one-month low after an unexpected increase in U.S. inventories and on growing concerns over an oversupplied market following a rebound in oil production in Libya and Nigeria, which are exempt from OPEC's production cuts.
read more... 09/06/2017
Oil prices fell sharply on Wednesday, due to oversupply concerns after the U.S. energy department has estimated a rise in oil production.
read more... 08/06/2017
Oil prices increased on Tuesday, finding technical support after falling on pressure from a diplomatic rift in Middle East.
read more... 07/06/2017
Oil prices dropped on Monday on worries that that the cutting of connections with Qatar by the most important crude exporter Saudi Arabia and other Arab states might hamper a global accord to reduce oil production.
read more... 06/06/2017