Crude oil prices gained ground on Monday, as Saudi Energy Minister Khalid al-Falih said that OPEC-led supply cuts will unlikely stop before the group meeting in June. Both Brent crude and WTI futures rose by 1.3% to $66.58 a barrel and $56.79 a barrel respectively.
read more... 12/03/2019
Crude oil prices fell on Friday, weighed by downbeat U.S. job growth data. The bearish equity markets, influenced by ECB’s announcement about the continued weakness of the European economy coupled with lower Chinese exports and imports data, put more pressure on prices. Brent crude ended 0.8% down at $65.74 a barrel, while WTI futures dropped by 1% to $56.07 a barrel.
read more... 11/03/2019
Crude oil prices added ground on Thursday, supported by ongoing OPEC-led supply cuts and U.S. sanctions against Venezuela and Iran. However, record high U.S. crude production and uncertainty around global economic growth limited gains. Brent crude edged 0.5% higher at $66.30 a barrel, while WTI futures rose by 0.8% to $56.66 a barrel.
read more... 08/03/2019
Crude oil prices were mixed on Wednesday, after U.S. data showed an increase in weekly U.S. crude stockpiles. A slump in U.S. equity indexes also weighed on the market. WTI futures traded 0.6% lower at $56.22 a barrel. However, Brent crude edged 0.2% higher at $65.99 a barrel, after EIA data indicated a larger-than-expected draw in U.S. distillate inventories.
read more... 07/03/2019
Brent crude edged 0.3% higher on Tuesday awaiting a positive trade deal between US and China, closing at 65.86 USD/bbl at the end of the day. Meanwhile, WTI futures traded 0.1% lower at 56.56 USD/bbl in anticipation of U.S. government crude stocks data.
read more... 06/03/2019