Oil prices steadied on Monday in absence of any significant event on the market, with the market remaining focused on the tight global supply. Hence, Brent crude rose by 0.5% to settle at $85.99 a barrel. U.S. WTI crude remained unchanged at $83.76 a barrel.
read more... 26/10/2021
Crude oil prices rose on Friday, supported by continued strong demand and limited supply. Thus, Brent oil increased by 1.1% to $85.53 a barrel and WTI crude gained 1.5% at $83.76 a barrel.
read more... 25/10/2021
Crude oil prices retreated on Thursday, taking a breather after hitting their multi-year highs amid forecasts of a warm U.S. winter and concerns about the effect of coronavirus pandemic restrictions on global economic recovery. However, prices remain elevated as the energy supply crisis persists. Hence, Brent crude fell by $1.21 or 1.4% to $84.61 a barrel. U.S. WTI crude settled down 92 cents or 1.10% to $82.50.
read more... 22/10/2021
Crude oil prices rose on Wednesday, after the EIA published the report on US crude stocks, which unexpectedly decreased week-on-week. Thus, Brent oil increased by 0.9% to $85.82 a barrel and WTI crude edged 0.6% higher at $83.42 a barrel.
read more... 21/10/2021
Crude oil prices climbed to fresh multi-year highs on Tuesday amid persistent global supply squeeze, while falling temperatures in China revived concerns over whether the world's biggest energy consumer can meet domestic heating needs. Hence, Brent crude rose by 0.9% to settle at $ 85.08 a barrel, the highest level since October 2018. U.S. WTI crude added 52 cents to settle at $82.96 a barrel, posting a fresh seven-year high.
read more... 20/10/2021