WTI

Oil drops 5% on concern over size of OPEC output cut

Oil prices plunged anew this morning amid a closely watched OPEC gathering in Vienna, where major producers have yet to reach an agreement on anticipated output cuts, according to an official. WTI crude for January delivery lost …

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Brent oil jumps on U.S.-China trade war ceasefire

Oil prices soared by around 5% on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in a supply cut. Brent crude oil …

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Brent oil exceeds $60 after 11% slump

Bent oil price rebounded today after slumping 11% last week amid concerns that excess supply and the weakening demand side pressures could create a glut next year. Brent oil futures for February delivery climbed 2.2% to $60.16 per …

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Brent oil price hits its lowest since November 2017

Brent crude oil fell $2.31 a barrel, or 3.7%, to a low of $60.29, its lowest since November 2017. By 1050 GMT, Brent was trading around $60.75, down $1.85. WTI oil lost $2.90, or 5.3%, at one point to touch a low of $51.73 a barrel, the …

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Brent crude slumps to $61.95

Oil prices slumped to 2018 lows this morning in choppy trading, pulled down an emerging crude supply overhang amid a bleak economic outlook. The fall came even as markets expect the Organization of the Petroleum Exporting Countries …

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Oil prices slip as U.S. inventories swell

Oil prices slipped after U.S. crude inventories swelled to their highest level since December 2017 amid concerns of an emerging global glut, although the potential for a supply cut by OPEC prevented further drops. Brent crude oil …

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Oil prices fall after Trump's remarks

Oil prices plunged again, with Brent crude seeing its 2018 gains wiped out as concerns about swelling global supplies continued to sour sentiment among investors. Brent fell as much as 7.6%, or $5.08 a barrel, to hit $61.71, its lowest …

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Brent oil exceeds $67

Oil prices rose today as expectations that the OPEC would start cutting supply overshadowed a big crude stock build last week. WTI Futures for December delivery traded 0.6% higher to $56.77 per barrel at 1:08 AM ET (05:08 GMT) on the …

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Brent $65, WTI $55 - What's going on?

U.S. oil prices wavered early today as investors continued to wrestle with rising crude supplies against lingering questions about demand. Global benchmark Brent crude is now down about 24% from its peak in October, with January Brent …

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Oil prices decline as U.S. grants Iran sanctions waivers

Oil prices fell today as the start of U.S. sanctions against Iran's fuel exports was softened by waivers that will allow major buyers to still import Iranian crude. But Tehran said it would ignore Washington and continue to sell its …

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Oil prices down on surging output, but sanctions loom

Oil prices fell today as surging output by the world's three largest producers outweighed supply concerns from the start of U.S. sanctions next week against Iran's petroleum exports. Brent crude futures were at $72.60 per barrel …

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Ruble down after Brent price drop

The ruble exchange rate began to decline on the Moscow stock exchange today. The dollar exchange rate increased by 0.47 rubles and was worth 67.06 rubles, while the euro rose 0.43 rubles and was worth 77.14 rubles. Brent oil …

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Brent oil price jumps to $86

The international oil benchmark, Brent crude, rose above $86 per barrel yesterday evening, as traders considered reported declines in Iranian exports due to pending U.S. sanctions. The upturn in oil prices follows US Secretary …

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Oil hits four-year peak ahead of sanctions on Iran

U.S. oil prices hit their highest level since November 2014 and Brent crude was also near a four-year peak reached the previous day, with markets preparing for tighter supply once U.S. sanctions against Iran kick in next month. U.S. …

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Iran gives reply to 'oil bulls'

Managing director of the National Iranian Oil Company (NIOC) Ali Kardor said Tehran has no plans for any reduction in the country’s oil output despite the looming US sanctions. "We are not planning on …

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