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 …
The fundamentals of supply and demand in the oil market appear to be heading in a bullish direction
The cost of the futures contracts of Brent crude oil for May 2019 delivery gained 0.71% amounting to $68.03 per barrel on London's ICE as of 11:10 a.m. Moscow time today, according to the trading data. The cost of Brent crude oil …
Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were prevented from rising further by slowing growth in the global economy. WTI crude oil futures were …
International Brent crude oil futures were up 0.66% at $64.03 per barrel for the first time since November 21, 2018. WTI crude futures for March delivery were at $54.21 per barrel, up 0.58%, from their last settlement, RIA Novosti …
The U.S. Energy Information Administration said it expects the United States to pump 12.4 million barrels of crude a day in 2019 and 13.2 million barrels a day in 2020. The January average was 12 million barrels a day, up 90,000 from …
Oil prices fell by around 1% on Monday as drilling activity in the United States, the world’s largest oil producer, picked up and financial markets were pulled down by trade concerns. Brent crude oil futures were down 49 cents …
Oil prices fell sharply today as a report showed a rise in U.S. inventories and fears about the impact of sanctions on Venezuela started to fade. Global benchmark Brent crude dropped nearly 1% to $61.39 a barrel while WTI futures were …
Oil prices advanced on Tuesday in Asia as investors weighed renewed Sino-U.S. tension and sanctions against Venezuela’s state-owned oil company PDVSA. Crude oil WTI futures were up 0.9% to $52.48 per barrel by 1:09 AM ET (6:09 …
China’s economic growth is cooling and instead latched on to positive supply-side drivers for the market
Oil prices rose after a report from OPEC showed its production fell sharply last month, easing fears about prolonged oversupply. International Brent crude oil futures were up 54 cents, or 0.9%, at $61.72 per barrel. WTI crude futures …
Oil prices get a boost from latest sign of improving U.S.-China trade picture
Brent crude contracts for March delivery were marked 61 cents higher from their Thursday close in New York and changing hands at $62.29 per barrel, the highest since late November. WTI contracts for February were marked 58 cents higher …
International Brent crude futures climbed back to $60 per barrel today, with OPEC cutting output and on easing concerns over weak demand growth. Around 0940 GMT, Brent crude for delivery in March hit $60 for the first time in 3.5 weeks …
Oil prices rose by almost 3% on Monday on hopes that talks in Beijing can resolve a trade war between the United States and China, while supply cuts by major producers also supported crude. As of 13:57 Moscow time, Brent jumped 2.77% to …
Oil prices jumped as much as 3% today, but growth in U.S. crude stockpiles and ongoing concerns about the global economy kept markets under pressure. Brent crude was up $1.18 (2.26%) at $53.34 a barrel at 0219 GMT, having earlier risen …
Oil prices rise after Christmas but gains not seen as longlasting
