A stronger dollar and a potential decision of the OPEC and its allies to increase production weighed on Brent crude on Thursday, which settled 80 cents, or about 1% lower at $75.94 a barrel. Meanwhile, WTI crude soared by 0.4% to end at $66.89 a barrel, in a catchup process to the higher priced products and Brent values.
read more... 15/06/2018
On Monday, oil prices edged slightly higher on optimism over the US – Korea summit’s aftermath between their leaders — Donald Trump and Kim Jonh Un in Singapore. Brent crude futures was stable at $76.46 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures rose by 0.6% to $66.10 a barrel.
read more... 12/06/2018
Oil prices retreated on Friday, pressured by growing Russian output and the highest in more than three years U.S. drilling activity. Brent crude dipped by 1.1% to close at $76.46 a barrel. West Texas Intermediate (WTI) crude contracts closed 21 cents lower at $65.74 a barrel, or about 0.3% loss.
read more... 11/06/2018
Oil prices recovered slightly on Tuesday supported by industry data which indicated a decrease in U.S. crude inventories. Brent crude edged up by 0.1% at $75.38 a barrel. U.S. West Texas Intermediate crude jumped by 1.2% to close at $65.52.
read more... 06/06/2018
Oil prices continued the downward evolution on Monday, as investors kept selling amid rising U.S. output, probable global supply growth and trade concerns. Brent crude futures declined by $1.50 a barrel, or 2 percent, to end at $75.29 a barrel. U.S. West Texas Intermediate crude dropped by 1.6% to close at $64.75.
read more... 05/06/2018