Oil prices dropped off three-year highs on Tuesday as traders booked profits, but strong demand underpinned prices near $70 per barrel, a level not seen since the market decline in 2014.
read more... 17/01/2018
Oil prices surged on Friday, remaining on track for a fourth consecutive week of gains, bolstered by a drawdown in U.S. inventories and a pullback in production, combined with steady demand and the extension of OPEC’s global supply cut deal.
read more... 15/01/2018
Crude oil prices touched new multi-year peaks on Wednesday as OPEC-led output reductions and increased demand helped to balance the market, but analysts warned of a potential overheating.
read more... 11/01/2018
Oil rose above $68 a barrel to its highest since December 2014 on Thursday after conflicts in Iran raised concerns about supply risks, with support also coming from OPEC-led production cuts and demand-boosting cold weather in the US. Brent crude ended 23 cents, or 0.3%, at $68.07 a barrel. Meanwhile, U.S. crude increased 4 cents to $61.67 and also touched its highest since May 2015.
read more... 05/01/2018
Oil prices rose on Thursday, staying close to 2-1/2-year peaks after data indicated strong demand for crude imports in China and on increased U.S. refining activity that drew more crude from inventories.
read more... 29/12/2017