WTI

Brent crude hits two year high

Brent crude, the global benchmark for oil trade, opened above $60 per barrel on Monday, close to its highest level since July 2015. Brent crude jumped $0.14 to $60.58 per barrel as of 14:20 (MSK). U.S. West Texas Intermediate …

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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 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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WTI reaches $46

The price of WTI crude reached the mark above $46 per barrel, data of today's tradings at the Intercontinental Exchange (ICE) showed. The cost of October futures raised to $46.08 per barrel. …

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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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