Brent crude oil futures increased toward $110 a barrel on Wednesday as tensions in Iraq intensified concerns about the supply perspective, while WTI crude registered a slight boost since a weekly government report indicated a decline in crude oil and gasoline inventories.
read more... 12/06/2014
Brent crude reversed earlier gains to close down on Tuesday, while WTI crude oil also dropped on a stronger dollar and profit taking by traders after solid gains on Monday.
read more... 11/06/2014
Brent crude boosted on Monday, adding over $1 to trade greater than $110 a barrel for the first time since June, while WTI crude gained about $2, as upbeat figures from China and the U.S. underlined a strong economic growth and higher demand for oil from the both countries, the two largest consumers in the world.
read more... 10/06/2014
U.S. crude oil futures climbed on Friday after a report from the U.S. Labor Department showed a fourth straight month of job gains in May, while Brent crude registered a slight decline as tensions in Ukraine eased.
read more... 09/06/2014
Brent crude oil futures increased, while U.S. crude oil limited losses on Thursday in a nervous trading as the euro and dollar were influenced by the European Central Bank's (ECB) decision to cut interest rates to record low levels and as investors forecasted strengthening oil demand in Europe. Brent rebounded from a three-week low and WTI crude from a two-week low reached instantly after the ECB announcement.
read more... 06/06/2014