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Brent Oil Climbs Above $100 A Barrel Amid Talk About OPEC Cuts
Benchmark Brent oil climbed above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output in response to poor liquidity in the crude futures market and fears about a global economic downturn.
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Oil Edges Up After U.S. Stock Build, Big Inflation Figure
Global benchmark Brent is down sharply since hitting $139 in March, which was close to the all-time high in 2008, as investors have been selling oil of late on worries that aggressive rate hikes to stem inflation will slow economic growth and hit oil demand.
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Crude Prices Edge Lower, Though Supply Concerns Still Dominant
The global benchmark rose to $89.17 on Wednesday, its highest level since October 2014; the benchmark is up 13% on the year so far.
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Oil Up, Settles Near 7-Year Highs After Iraq-Turkey Pipeline Outage
Brent crude futures settled up 93 cents, or 1.1%, at $88.44 a barrel. The global benchmark earlier touched $89.13, its highest level since Oct. 13, 2014.
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U.S. Oil Busts Through $90/Bbl For First Time Since 2014
Global benchmark Brent crude settled at $91.11 a barrel, up $1.64, or 1.8%, while West Texas Intermediate crude soared $2.01, or 2.3%, higher to end at $90.27 a barrel, the first time the U.S. benchmark has closed above the $90-level since Oct.6, 2014.
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Crude Prices Down 5% For The Week, But Supply Worries To Keep It Well Bid
Global crude markets have been whiplashed since Russia invaded Ukraine on February 24, with Brent and US futures trading above $100 for most of that duration, but benchmark crude prices fell in the latest trading week.
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Crude Markets' See-Saw Continues, With Brent Oil Just Below $107 A Barrel
After losing nearly 1 per cent in the previous session on a strong dollar, a build-up in the US crude stockpile, and Shanghai's extended lockdown fuelled fears of slower demand; the benchmark Brent crude was last up about 25 cents at $106.90 per barrel.
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U.S. Oil Busts Through $90/Bbl For First Time Since 2014
Oil prices surged in late-day trading Thursday, sending the U.S. crude benchmark through $90 a barrel for the first time since 2014 due to ongoing supply worries and as frigid weather cascades across the United States.
-
Crude Prices Edge Lower, Though Supply Concerns Still Dominant
The global benchmark rose to $89.17 on Wednesday, its highest level since October 2014; the benchmark is up 13% on the year so far.
-
Oil Up, Settles Near 7-Year Highs After Iraq-Turkey Pipeline Outage
Brent crude futures settled up 93 cents, or 1.1%, at $88.44 a barrel. The global benchmark earlier touched $89.13, its highest level since Oct. 13, 2014.
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Oil Registers Biggest Annual Gain Since At Least 2016: Report
Brent ended the year up 50.5 per cent, its biggest gain since 2016, while WTI posted a 55.5 per cent gain, the strongest performance for the benchmark contract since 2009
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India's HPCL Chair Says 'High' Crude Prices Could Weigh On Fuel Demand
Oil futures have been trading near multi-year highs due to a global energy supply crunch, with the Brent crude benchmark at $84.30 a barrel on Wednesday.
-
Oil Hovers Below Recent Highs, Ends Week Up
Brent crude futures rose 92 cents, or 1.1%, to settle at $85.53 a barrel. The benchmark, which touched a three-year high of $86.10 on Thursday, was up 1% in the week, its seventh weekly gain.
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Oil Traded Below Multi-Year Highs. Brent Crude Futures Registers 7th Weekly Gain
Brent crude futures rose 92 cents, or 1.1 per cent, to settle at $85.53 a barrel. The benchmark, which touched a three-year high of $86.10 on Thursday, was up one per cent in the week, its seventh weekly gain.
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Oil Hits Three-Year High After OPEC+ Sticks To Output Plan
Brent crude oil futures hit a fresh three-year high on Tuesday, with U.S. benchmark crude close to 2014 peaks, after the OPEC+ group of producers decided to stick to its planned output rises rather pumping even more.
-
Brent Oil Climbs Above $100 A Barrel Amid Talk About OPEC Cuts
Benchmark Brent oil climbed above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output in response to poor liquidity in the crude futures market and fears about a global economic downturn.
-
Oil Edges Up After U.S. Stock Build, Big Inflation Figure
Global benchmark Brent is down sharply since hitting $139 in March, which was close to the all-time high in 2008, as investors have been selling oil of late on worries that aggressive rate hikes to stem inflation will slow economic growth and hit oil demand.
-
Crude Prices Edge Lower, Though Supply Concerns Still Dominant
The global benchmark rose to $89.17 on Wednesday, its highest level since October 2014; the benchmark is up 13% on the year so far.
-
Oil Up, Settles Near 7-Year Highs After Iraq-Turkey Pipeline Outage
Brent crude futures settled up 93 cents, or 1.1%, at $88.44 a barrel. The global benchmark earlier touched $89.13, its highest level since Oct. 13, 2014.
-
U.S. Oil Busts Through $90/Bbl For First Time Since 2014
Global benchmark Brent crude settled at $91.11 a barrel, up $1.64, or 1.8%, while West Texas Intermediate crude soared $2.01, or 2.3%, higher to end at $90.27 a barrel, the first time the U.S. benchmark has closed above the $90-level since Oct.6, 2014.
-
Crude Prices Down 5% For The Week, But Supply Worries To Keep It Well Bid
Global crude markets have been whiplashed since Russia invaded Ukraine on February 24, with Brent and US futures trading above $100 for most of that duration, but benchmark crude prices fell in the latest trading week.
-
Crude Markets' See-Saw Continues, With Brent Oil Just Below $107 A Barrel
After losing nearly 1 per cent in the previous session on a strong dollar, a build-up in the US crude stockpile, and Shanghai's extended lockdown fuelled fears of slower demand; the benchmark Brent crude was last up about 25 cents at $106.90 per barrel.
-
U.S. Oil Busts Through $90/Bbl For First Time Since 2014
Oil prices surged in late-day trading Thursday, sending the U.S. crude benchmark through $90 a barrel for the first time since 2014 due to ongoing supply worries and as frigid weather cascades across the United States.
-
Crude Prices Edge Lower, Though Supply Concerns Still Dominant
The global benchmark rose to $89.17 on Wednesday, its highest level since October 2014; the benchmark is up 13% on the year so far.
-
Oil Up, Settles Near 7-Year Highs After Iraq-Turkey Pipeline Outage
Brent crude futures settled up 93 cents, or 1.1%, at $88.44 a barrel. The global benchmark earlier touched $89.13, its highest level since Oct. 13, 2014.
-
Oil Registers Biggest Annual Gain Since At Least 2016: Report
Brent ended the year up 50.5 per cent, its biggest gain since 2016, while WTI posted a 55.5 per cent gain, the strongest performance for the benchmark contract since 2009
-
India's HPCL Chair Says 'High' Crude Prices Could Weigh On Fuel Demand
Oil futures have been trading near multi-year highs due to a global energy supply crunch, with the Brent crude benchmark at $84.30 a barrel on Wednesday.
-
Oil Hovers Below Recent Highs, Ends Week Up
Brent crude futures rose 92 cents, or 1.1%, to settle at $85.53 a barrel. The benchmark, which touched a three-year high of $86.10 on Thursday, was up 1% in the week, its seventh weekly gain.
-
Oil Traded Below Multi-Year Highs. Brent Crude Futures Registers 7th Weekly Gain
Brent crude futures rose 92 cents, or 1.1 per cent, to settle at $85.53 a barrel. The benchmark, which touched a three-year high of $86.10 on Thursday, was up one per cent in the week, its seventh weekly gain.
-
Oil Hits Three-Year High After OPEC+ Sticks To Output Plan
Brent crude oil futures hit a fresh three-year high on Tuesday, with U.S. benchmark crude close to 2014 peaks, after the OPEC+ group of producers decided to stick to its planned output rises rather pumping even more.
