Brent

Oil prices jump after Gulf of Oman tanker 'attacks'

Crude prices climbed sharply today amid reports of an attack on oil tankers in the Gulf of Oman. Brent crude, the global benchmark, was up 3% at $61.76 a barrel on London’s ICE Futures exchange. On the New York Mercantile …

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 Oil prices fall 3%

Oil prices fell 3% today, weighed down by a weaker demand outlook and a rise in U.S. crude inventories despite growing expectations of ongoing OPEC-led supply cuts. Brent crude futures were down more than 3%, at $60.61 a barrel, …

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Brent oil falls below $60 for first time since January

Brent crude was trading at $60.78 a barrel at 6:30 a.m. London time today, up 15 cents and still far from its four-year high of more than $80 last fall.  Yesterday, Brent oil price fell bellow $60 per barrel for the first time …

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Oil price drops back to $60

Oil prices fell today amid a global economic slowdown that is starting to hit oil demand, triggering calls in producer club OPEC for supply cuts to be extended. Brent crude futures, the international benchmark for oil prices, were …

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Brent oil price continue to fall

Oil prices fell to a near-three month low on fears a global economic slowdown would crimp demand.  International Brent crude oil futures were at $65.92 a barrel on the London-based ICE Futures Europe exchange, down 95 cents from …

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Brent oil prices sink

Oil prices sank today as investors’ risk appetite was hampered by trade tensions that could limit demand. Crude tracked losses in global markets after the U.S. and China dispute appeared to move further from resolution. Brent …

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Brent oil price falls below $71

Oil prices fell today after data showed a surprise rise in U.S. crude stockpiles and as Chinese industrial output grew less than expected in April, but prices were supported by mounting tensions in the Middle East. Brent crude futures …

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 Brent and WTI oil prices decline

Oil prices fell this morning after a report showed a rise in U.S. crude inventories, but global markets remained tense amid an intensifying political crisis in Venezuela, tightening U.S. sanctions on Iran, and ongoing OPEC supply cuts. …

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 Brent oil price falls after Trump statements

Oil prices fell today after U.S. President Donald Trump demanded that OPEC raise output to soften the impact of U.S. sanctions against Iran. Brent crude futures were at $71.66 per barrel at 0648 GMT, down 49 cents, or …

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Brent oil hits $75 per barrel

Brent crude oil rose above $75 per barrel today for the first time in 2019 in the wake of tightening sanctions on Iran, while gains in U.S. prices were crimped by a surge in U.S. supply. Brent crude futures rose to a 2019 high of $75.01 …

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Brent oil exceeds $72 for first time since November

Oil prices rose for a second day on signs of strong demand from refineries in China amid tightening supply as producers curtail output and as oil inventories in the U.S. fell unexpectedly. Brent crude oil futures rose 29 cents (0.4%) to …

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Oil demand growth may be slowed by prices above $70

Oil prices at $70 per barrel and higher increase the risk of slowing demand growth against the backdrop of uncertainties in global economy, International Energy Agency said in its Oil Market Report. "Oil prices at …

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