Crude oil prices rallied on Tuesday to hit near one-month high, buoyed by an unscheduled output outage in the North Sea and expectations of a decline in U.S. crude stockpiles.
read more... 05/04/2017
Crude oil prices evolved differently on Monday due to a weaker dollar, though a recovery in Libyan production put pressure on the market and an increase in U.S. drilling activity curbed price gains.
read more... 04/04/2017
Crude oil prices dipped about 0.25% on Friday due to rising production from shale, boosting the global supply glut. It registered the biggest monthly loss since July 2016.
read more... 03/04/2017
Oil prices increased for a third day on Thursday to their peak in three weeks after Kuwait gave its backing for an extension of OPEC production reductions in an effort to limit global oversupply. Both Brent and U.S. crude hit their highest levels since March 9 on Thursday.
read more... 31/03/2017
Crude oil prices boosted over 2 percent on Wednesday as U.S. crude stockpiles increased less than expected, supply disruptions were prolonged in Libya and the OPEC-led output cut deal is likely to be extended.
read more... 30/03/2017