Oil prices declined on Friday, retreating after previous gains as U.S. allies are likely to insist in preserving an agreement with Iran, which could maintain country's crude exports on global markets. Brent crude was 35 cents, or 0.5% down at $77.12 a barrel. WTI futures lost 1% to close at $70.70 a barrel.
read more... 14/05/2018
Oil prices surged on Thursday, as US sanctions are most likely to affect oil flows from the major exporter Iran.
read more... 11/05/2018
Oil prices jumped to new 3½-year highs on Wednesday following U.S. President Trump’s decision to abandon the nuclear deal with Iran and the announcement of stricter sanctions against the OPEC member. Brent crude added $2.36, or 3.2%, to end at $77.21 a barrel. WTI futures traded 3% higher at $71.14 a barrel.
read more... 10/05/2018
Oil prices posted losses on Tuesday after Donald Trump’s announcement that the United States will withdraw from the 2015 Iran nuclear agreement. Brent crude dropped by $1.32, or 1.7 percent, to close at $74.85. WTI futures slumped by 2.4% to $69.06 a barrel.
read more... 09/05/2018
Oil prices hiked on Monday due to forecasts for higher prices on gasoline and consumer goods. Brent futures rose $1.3, or 1.7%, to end at $76.17 a barrel. WTI crude surged by 1.5% to settle at $70.73 a barrel, for the first time above $70 level since late 2014.
read more... 08/05/2018