Brent

Brent oil price rises above $58

Oil prices pushed higher as the conflict between Iraq and Kurdistan entered a new phase with the advance of Iraqi forces on Kirkuk.  Brent rose above $58 and while the late September highs above $59 are within sight it may struggle …

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Oil prices jump on fears of new Iran sanctions

Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq, while an explosion at a U.S. oil rig and reduced exploration activity supported prices there. International Brent …

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Record U.S. Oil Exports Weigh On Oil Prices

EIA data about U.S. crude oil exports showed these had hit a record-high of 1.98 million bpd. This is the highest weekly average since exports were once again allowed, after a four-decade ban. Last week’s figure also beat the …

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Oil prices continue declining

Oil prices continue to decline: U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $50.16 per barrel at 0648 GMT, down 26 cents, or 0.5%, from their last close. They fell below $50 per barrel earlier in the session. Brent …

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Oil prices decline on signs of higher output

  OPEC nations pumped slightly more crude in September as Libya’s biggest oil field returned to production. Output from the Organization of Petroleum Exporting Countries was 32.83 million barrels a day in September, …

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 Oil drillers responsible for WTI weakness - Reuters

The U.S. Energy Information Administration (EIA) is distorting oil prices by being far too optimistic in its forecasts for U.S. production, the chief executive of Continental Resources, Harold Hamm, said. Hamm blames EIA for both …

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 Oil prices declining

Oil futures are falling this morning despite the US Department of Energy data on a significant reduction of reserves of the ‘black gold‘ in the country.  As of 09:15 am (MSK), Brent December crude futures declined 0.4% …

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Why is oil getting more expensive?

Oil prices have continued to rise after reaching the maximum level for more than two years yesterday. London Brent crude for November delivery LCOc1 was up 1 cent at $59.03 a barrel by 0621 GMT after settling up 3.8% on Monday. Earlier …

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Oil falls as markets dip on North Korea tensions

Brent oil prices held steady near five-month highs, and were on track for the highest weekly rise since the end of July on higher demand forecasts and the restart of oil-hungry refineries in the United States, Reuters reports. The …

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Crude oil rises to 4-week high

Oil prices on Wednesday held on to gains from the day prior on fears of potential damage to U.S. oil production from Hurricane Irma, as well as renewed demand for crude from restarted refineries in the Gulf Coast, Market Watch …

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Brent oil price starts to rise

World oil prices are rising, albeit slightly on Sept.6 in the aftermath of Hurricane Harvey, Trend reports. The price for October futures of Brent oil has increased by 0.07 percent to $53.42 per barrel as of 08:06 (UTC + 4). The price …

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Oil prices decline on Harvey concerns

Oil futures fell for the second session on track for another weekly decline, following earlier data from the US, the world's largest economy.  As of 06:04 GMT, Brent crude futures shed 0.42% to $51.67 a barrel from the opening …

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Oil prices go up

The cost of October futures for Brent oil increased by 0.71% to $52.41 per barrel on the ICE Exchange in London.  October futures for WTI oil gained 0.70% and reached $52.41 per barrel at the New York Mercantile Exchange …

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 Oil prices decline as supply worries persist

Oil futures headed modestly lower on Monday, with continued concerns over a supply glut keeping prices under pressure after reports last week showed a rise in OPEC oil production. As of 14:42 (MSK), Brent oil for October declined 0.69% …

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