Oil prices rose on Friday backed by a decline in Libyan output and optimistic comments from Saudi Arabia that an OPEC-led effort to reduce stockpiles through production cuts is functioning. Brent crude soared by 1.4% to close at $67.31 per barrel. WTI crude increased by 1.2% to end at $63.55 per barrel.
read more... 26/02/2018
Oil prices fell on Friday as the dollar surged following strong U.S. jobs growth, while production cuts by OPEC and progressive global demand kept much of the early year oil rally in place. Brent crude slumped by 1.5 percent, to $68.58 a barrel. WTI ended 0.5% lower at $65.45 a barrel.
read more... 05/02/2018
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 increased on Tuesday, buyout by strong world economic growth prospects and forecasts for continued output reductions by OPEC, Russia and their allies.
read more... 24/01/2018
Oil prices jumped to near a three-year peak above $70 a barrel on Monday on signs that output reductions by OPEC and Russia are tightening supplies, although analysts warned of a "red flag" due to surging U.S. production.
read more... 16/01/2018