Oil prices surged by about 2 percent on Wednesday to the highest in 2-1/2 years, with purchasing stimulated by a sixth day of unrest in OPEC member Iran and strong economic data from the United States and Germany. International benchmark Brent crude futures ended up $1.27 a barrel, or 1.9 percent, to $67.84 a barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures settled at $61.63 a barrel, up $1.26, or 2.1 percent.
read more... 04/01/2018
Oil prices hiked to 2-1/2-year peaks and U.S. crude touched $60 a barrel in light trading volume on Tuesday, supported by news of an explosion on a Libyan crude pipeline as well as voluntary OPEC-led supply reductions.
read more... 27/12/2017
Oil edged up toward $64 a barrel on Tuesday, supported by a North Sea pipeline outage, OPEC-led supply reductions and expectations that U.S. crude inventories had decreased for a fifth week.
read more... 20/12/2017
Oil prices were mixed on Friday, lingering below two-year peaks on Friday as the ongoing outage of a North Sea pipeline and OPEC-led output cuts supported prices, while increasing U.S. production kept a lid on gains. Brent crude futures were down 8 cents at $63.23 a barrel. U.S. West Texas Intermediate (WTI) crude futures surged by 26 cents, or 0.5% to $57.30 a barrel.
read more... 18/12/2017
Oil prices rose on Tuesday, buyout by strong demand, expectations of a decline in U.S. crude inventories and an OPEC-led agreement to extend oil production cuts. Brent crude futures ended 41 cents, or 0.7 percent, up at $62.86 a barrel, while U.S. West Texas Intermediate crude increased by 15 cents, or 0.3 percent, to $57.62 a barrel.
read more... 06/12/2017