Increased demand in fuel consumption in the United States and lower crude inventories boosted oil prices on Wednesday. Brent crude futures rose by 1.1% to settle at $76.74 a barrel. U.S. West Texas Intermediate (WTI) crude futures added 28 cents, or 0.4%, to $66.64 a barrel.
read more... 14/06/2018
Predictions that voluntary output reductions led by OPEC might be eased weighed down on Brent crude on Tuesday, which closed 0.8% lower at $75.88 a barrel. OPEC warned about downside risks to demand in the last quarters of the 2018, stating that oil market outlook is uncertain.
read more... 13/06/2018
Oil prices fell on Friday, after U.S. President Donald Trump's declaration on trade boosted the dollar, reducing greenback-denominated commodities, including crude. Brent futures lost $0.8, or 1%, to end at $76.79 a barrel. WTI crude dropped by $1.23 a barrel to end at $65.81 a barrel.
read more... 04/06/2018
A decline in liquefied natural gas (LNG) price was expected as new projects coming online boost supply.
read more... 27/04/2018
Oil prices rose on Thursday, as United States are likely to re-introduce sanctions against Iran. Markets were also backed by a decline in Venezuela oil output and ongoing strong demand. Brent crude added $0.74, or 1%, to end at $74.74 a barrel. WTI futures closed 0.2% higher at $68.19 a barrel.
read more... 27/04/2018