Brent

 Oil price at highest level since November 2014

Oil price hit its highest levels today since November 2014 as stockpiles fall and worries about geopolitical tensions in the Middle East weigh on the markets. The cost of Brent crude oil futures contracts deliverable in June 2018 rose …

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Oil markets tense after strikes on Syria

Oil fell 1% today as markets opened following western air strikes in Syria over the weekend, while a rise in US drilling for new production also dragged on prices. Brent crude oil futures were at $71.85 per barrel at 0547 GMT, down 73 …

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Brent oil rises above $71

Today, prices for May futures for Brent oil rose by 1.4% to $71 on the ICE Exchange in London. The last time the price of Brent crude rose above $71 per barrel was on January 25, 2017. …

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Oil jumps after US State Department shake up

Oil prices rose after US President Donald Trump fired Secretary of State Rex Tillerson, sparking a dollar fall and concern that a deal on Iran's nuclear programme could collapse. May Brent crude …

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Oil prices hit a two-month low

Oil prices ended largely unchanged on Tuesday as a weaker dollar spurred a rebound from an early slide after the International Energy Agency forecast supply could outstrip demand. Reuters reports in its article …

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Oil prices return to positive dynamics

Oil prices are growing this morning, after OPEC said it expects higher oil demand this year. April Brent crude, the global oil benchmark, gained 39 cents (0.62%) to end at $62.98 a barrel on London’s ICE Futures exchange. …

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Do European oil majors adjust to low prices?

Shell, Total and British Petroleum are adjusting their operations to match the realities of an under-$60-barrel price in the long run, according to a new Fitch Ratings report. The European oil majors are lowering dividends and spending …

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Oil prices drop below $65

Oil prices fell to their lowest in seven weeks today amid fears of rising global supplies after Iran announced plans to increase production and US crude output hit record highs. US West Texas Intermediate (WTI) crude for March …

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EIA hikes Brent price outlook

US Energy Information Administration (EIA) has raised its forecast on crude oil prices for 2018 and 2019, along with revising upwards its estimates on US crude production for both years. According to the agency's short-term energy …

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 Oil prices extend gains on compliance with output cuts

Oil rose for a third day after a survey showed strong compliance with output cuts by OPEC and others, offsetting concerns about surging US production. The price of the Brent crude oil futures contract for April delivery rose by 0.29% to …

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 Brent oil price hits $71

Brent oil prices hit $71 per barrel today for the first time since 2014 as the dollar continued to weaken and crude inventories in the US fell for a 10th straight week amid ongoing supply cutbacks by OPEC and Russia. Brent crude futures …

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