Oil prices rose on Tuesday, supported by a higher-than-expected U.S. stock draw and supply worries in Norway and Libya. Brent crude increased by 1% to $78.86 a barrel. WTI crude edged 0.4% higher at $74.11 a barrel, following Mike Pompeo’s comments on exceptional waivers over Iranian sanctions.
read more... 11/07/2018
Oil prices increased on Monday, with U.S. crude ending a choppy trade higher on expectations for a Canadian production stoppage lasting until September. Brent crude rose by 1.2% to $78.07 a barrel, due to impending sanctions on Iran and falling output in Libya. WTI crude edged 0.1% higher to end at 73.85 a barrel.
read more... 10/07/2018
Oil prices surged on Wednesday, boosted by a threat from an Iranian commander and a decline in U.S. crude inventories for the second consecutive week. Brent crude added $0.48, or 0.6%, to close at $78.24 a barrel. WTI crude traded $0.19, or 0.3%, higher at $74.33 a barrel.
read more... 05/07/2018
Oil prices rose slightly on Tuesday, due to imminent U.S. sanctions against Iran and an outage at Syncrude Canada facility that reduced crude supplies. Brent crude soared by 0.6% to $77.76 a barrel. WTI crude edged 0.3% higher at $74.14 a barrel, reaching a new peak since the end of 2014.
read more... 04/07/2018
Oil crude prices surged on Monday, as increased supply from Saudi Arabia and Russia and U.S. sanctions against Iran weighed down on demand. Brent crude slumped by 2.7% to $77.3 a barrel, while WTI crude slipped by 0.3% to $73.94 a barrel.
read more... 03/07/2018