Crude oil prices reversed earlier gains on Monday, after President Trump claimed a slower oil pricing approach from OPEC as crude prices reached an excessively high level. Brent crude tumbled by 3.5% to 64.76 USD/bbl, while WTI futures dropped by 3.1% to 55.48 USD/bbl.
read more... 26/02/2019
Crude oil prices rebounded on Friday supported by rising hopes that the U.S and China will soon end the trade war. However, record U.S. oil production limited gains. Brent crude rose by 0.1% to 67.12 USD/bbl, while WTI futures was 0.5% up at 57.26 p/therm.
read more... 25/02/2019
Oil prices edged slightly down on Thursday after EIA reported a record level of U.S. crude oil inventories and crude exports since the start of 2018, amid ongoing concerns about slower global economic growth. However, the losses were limited by OPEC’s output cuts, U.S. sanctions on Venezuelan and Iranian oil imports, as well as the advancing U.S.-China trade talks. Brent oil almost steadied at $67.07 a barrel, while WTI crude was 0.4% down at $56.96 a barrel.
read more... 22/02/2019
Oil prices firmed on Wednesday, supported by output cuts from OPEC, U.S. sanctions against Iran and Venezuela, as well as strong equity markets. However, the sluggish global economic outlook could further weigh on prices. As a result, Brent crude climbed by 1% to 67.08 USD/bbl, while WTI futures rose by 1.9% to 57.16 USD/bbl.
read more... 21/02/2019
After hitting 2019 highs, oil prices calmed on Tuesday, as concerns about global crude oil demand, and uncertainty around U.S.-China trade talks, counterbalanced OPEC’s supply cuts and U.S. sanctions on Venezuela and Iran. Brent crude settled 0.1% lower at 66.45 USD/bbl, whereas WTI futures inched up by 0.1% to 56.09 USD/bbl.
read more... 20/02/2019