Brent Crude Oil Prices Latest News

Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, after an OPEC+ meeting in which members agreed that countries could starting phasing out voluntary output cuts starting in October.

Oil prices fell below $100 per barrel in early Asian trading on Wednesday as US inventory data showed buildups in crude oil and refined products amid rising fears of a global economic slowdown.

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 oil prices recovered some of their losses during a volatile trading session on Wednesday after crashing over 5 per cent previously.

The ebb and flow in investors' sentiment on global crude's demand-supply dynamics pushed futures down over 1 per cent on Tuesday; with the Russia-Ukraine war intensifying, supply concerns limited losses.

In another reflection of the wild gyrations in global crude markets, oil futures declined slightly after opening higher on Wednesday and having surged over 6% in the previous session.

The wild gyrations in crude markets continued on Tuesday, with Brent oil prices trading nearly 3 per cent higher and back up above $100 after briefly languishing below that level in the previous session.

Crude markets started the week on a feeble note following the second straight weekly decline, pressured by China lockdowns and weighed by a surplus boost after announced plans to release a record volume of crude and oil products from strategic stocks.

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.

Crude oil prices rebounded and rose on Tuesday in a volatile trading session, even as Ukraine and Russia headed for peace talks and demand concerns remain as China shut down its financial hub in Shanghai to curb the surge in coronavirus cases.

Petrol and diesel prices are likely to be hiked this week as oil companies prepare to pare losses after keeping them steady for over four months

The average monthly price of Brent crude oil and jet fuel continued to trend upwards in April, said IATA in its latest financial monitor.

Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, after an OPEC+ meeting in which members agreed that countries could starting phasing out voluntary output cuts starting in October.

Oil prices fell below $100 per barrel in early Asian trading on Wednesday as US inventory data showed buildups in crude oil and refined products amid rising fears of a global economic slowdown.

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 oil prices recovered some of their losses during a volatile trading session on Wednesday after crashing over 5 per cent previously.

The ebb and flow in investors' sentiment on global crude's demand-supply dynamics pushed futures down over 1 per cent on Tuesday; with the Russia-Ukraine war intensifying, supply concerns limited losses.

In another reflection of the wild gyrations in global crude markets, oil futures declined slightly after opening higher on Wednesday and having surged over 6% in the previous session.

The wild gyrations in crude markets continued on Tuesday, with Brent oil prices trading nearly 3 per cent higher and back up above $100 after briefly languishing below that level in the previous session.

Crude markets started the week on a feeble note following the second straight weekly decline, pressured by China lockdowns and weighed by a surplus boost after announced plans to release a record volume of crude and oil products from strategic stocks.

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.

Crude oil prices rebounded and rose on Tuesday in a volatile trading session, even as Ukraine and Russia headed for peace talks and demand concerns remain as China shut down its financial hub in Shanghai to curb the surge in coronavirus cases.

Petrol and diesel prices are likely to be hiked this week as oil companies prepare to pare losses after keeping them steady for over four months

The average monthly price of Brent crude oil and jet fuel continued to trend upwards in April, said IATA in its latest financial monitor.