oil prices

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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 …

 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, …

 Novak on why oil price could fall to $30 per barrel

Russian Energy Minister Alexander Novak did not rule out that oil prices could fall to $30 per barrel due to overproduction, he said after the meeting of the Russian-Saudi intergovernmental commission on trade, economic and …

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 …

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 …

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 …

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 …