Oil prices slumped on Friday and broke a four-week winning streak after a rally that had taken benchmarks to three-year peaks, as investors sold positions on re-emerging U.S. output worries.
read more... 22/01/2018
Oil prices slipped on Thursday on a bounce-back in U.S. output, but continuing declines in crude inventories limited losses in the market. Brent crude futures traded 7 cents, or 0.1%, lower at $69.31. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures was almost constant at $63.95 a barrel.
read more... 19/01/2018
Oil prices edged higher on Wednesday before the publication of U.S. government data that was likely to indicate a ninth straight weekly drawdown in crude inventories. Brent futures settled 23 cents, or 0.3%, up at $69.38 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 24 cents, or 0.4%, to $63.97 per barrel.
read more... 18/01/2018
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 jumped to near a three-year peak above $70 a barrel on Monday on signs that output reductions by OPEC and Russia are tightening supplies, although analysts warned of a "red flag" due to surging U.S. production.
read more... 16/01/2018