WTI

Oil prices rise on Norway strike

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike today after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher. Norway is Western …

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Oil steadies ahead of OPEC meeting

Oil prices steadied, but still faced pressure from evidence of rising U.S. output and uncertainty over the outlook for supply before a meeting next week of the world's largest exporters. Benchmark Brent crude oil was up 10 cents at …

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Brent oil hits $80

Brent crude oil is trading at over $80 per barrel for the first time since November 25, 2014, after the US broke the Iran nuclear deal and Total said it would likely withdraw from its South Pars commitments due to US sanctions. Today …

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Oil steadies boosted

It is supported by concerns that U.S. sanctions on Iran are likely to restrict crude exports from the country

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Could oil prices hit $100 per barrel?

Oil prices look set to temporarily hit $90 a barrel during the first half of next year, if not sooner, and risk spiking to as much as $100 a barrel, depending on geopolitical events and other factors, Bank of America Merrill Lynch analysts …

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Oil prices hit highest in years

Oil prices clocked up more multi-year highs on May 10 as traders adjusted to the prospects of renewed U.S. sanctions against major crude exporter Iran amid an already tightening market.  Brent crude futures hit their strongest …

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Bent oil price hits 77$

Brent crude oil touched its highest since November 2014 at $77.20 a barrel. The benchmark contract was up $2.15 a barrel, or more than 2.8%, at $77.00 by 0730 GMT. US light crude was up $1.90 a barrel, or almost 2.8%, at $70.96, near …

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WTI oil reaches highest since 2014 on Iran worries

US oil prices rose above $70 a barrel today for the first time since November 2014 over a looming decision on whether the United States will walk away from a deal with Iran and instead re-imposes sanctions on Tehran, keeping international oil …

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Oil settles near $70 as traders wait for Iran decision

Oil prices hit a new high for the year as domestic production continues about 10 million barrels per day (bbl/d) and traders continue to wait for the Trump administration’s decision about whether to exit the Iran nuclear deal. …

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Oil strong as U.S. decision on Iran sanctions looms

Oil prices strengthened on Friday but stayed below recent highs as global supplies remained tight and the market awaited news from Washington on possible new U.S. sanctions against Iran, Reuters reports. Brent crude oil LCOc1 was up 30 …

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 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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