WTI

Oil prices approaching $70 per barrel

Oil prices hit their highest since 2014 today due to ongoing production cuts led by OPEC as well as healthy demand, although analysts cautioned that markets may be overheating. WTI crude futures were at $63.44 a barrel, 0.8% above their …

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Brent oil price hits $68.11

U.S. oil prices hit their highest since 2015 again today as speculators bet on further price rises amid OPEC-led production cuts and a dip in American drilling activity. Brent crude futures were at $68.11 a barrel, 0.5 percent above …

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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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