Global oil prices were slightly up on Tuesday, as forecasts for U.S. supply growth were offset by concerns over the Middle East crude supply due to geopolitical tensions, and the approaching U.S. sanctions on Iranian exports. U.S. West Texas Intermediate futures edged 0.2% higher on Tuesday, to trade at $71.92 a barrel. Meanwhile, Brent crude oil futures rose by 0.8% to end at $81.41 a barrel.
read more... 17/10/2018
Oil crude prices were almost steady, in a balanced market, as Saudi Arabia and Russia declared about its intention to raise production to partly offset the disruption in Iran exports, as soon as U.S. sanctions will be applied on the 4th of November WTI crude remained stable and traded at $74.34 a barrel, whereas Brent price slipped by 0.5% to close at $84.16 a barrel.
read more... 08/10/2018
Crude prices fell slightly on Friday as anticipations that OPEC and other producers will extend their output reduction agreement were offset by U.S. drillers adding the most oil rigs in a week since June, indicating output will continue to increase.
read more... 13/11/2017
Oil prices settled slightly lower on Wednesday after U.S. government data showed rising domestic crude output, an unexpected build in U.S. stockpiles and a decline in monthly Chinese crude imports, or a triple blow that was offset somewhat by increasing tensions in the Middle East.
read more... 09/11/2017
Oil prices edged slightly higher on Tuesday, stabilising after prior gains and losses, as estimates of high U.S. output and exports offset concerns that fighting between Iraqi and Kurdish forces might menace the country's crude production.
read more... 18/10/2017