oil prices

Brent oil climbs to $86 per barrel

Oil prices hit their highest level in years on Monday as demand recovers from the COVID-19 pandemic, boosted by more custom from power generators turning away from expensive gas and coal to fuel oil and diesel. Brent crude oil futures …

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Brent oil price up over $85 for first time in 3 years

The cost of a Brent crude oil futures contract for December 2021 delivery on the London ICE exchange went up by 1.23% and reached $ 85.03 per barrel, according to data from the trading floor at 10:50 Moscow time on Friday. The last time …

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World oil prices may soar up to $ 100 per barrel - media

Oil prices could rise to $ 100 per barrel for the first time since 2014, Bloomberg writes, citing data from Bank of America. The deepening energy crisis could affect the price increase, the surge in the oil market could provoke a return …

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Azerbaijani oil price reaches $84

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0,64 to trade at $83,81. Brent crude futures jumped $1.07, or 1.3%, to $83.02 a barrel by 0643 GMT while U.S. West …

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Oil prices decline from multi-year highs

Oil prices dropped on Thursday after record-high price rallies as an unexpected build in US crude oil inventories signaled declining demand in the world’s largest oil-consuming country. International benchmark Brent crude was …

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Russia's Urals oil prices above $80 per barrel

Prices of the Russian oil export blend Urals crossed the line of $80 a barrel at night of October 5, for the first time since 2018, the international price agency Argus said. Urals prices climbed to $80.8 per barrel in Northwestern …

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Oil hits multi-year high on OPEC+ restraint

Oil hit a multi-year high on Wednesday above $83 a barrel, supported by OPEC+'s refusal to ramp up production more rapidly against a backdrop of concern about tight energy supply globally. The market later unwound those gains due to …

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Saudi Aramco cuts crude price to main buyers

Saudi Arabia reduced oil prices for its main buyers, a day after OPEC+ sent crude futures surging by sticking to a plan for slow and steady supply increases. State firm Saudi Aramco’s cuts for customers in Asia, Europe and the …

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Brent oil price rises above $82 for first time in 3 years

Oil futures moved higher Tuesday, with the U.S. benchmark extending a rise that saw it close at a nearly seven-year high the previous session after the OPEC and its allies decided not to accelerate its plan for gradually relaxing production …

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Oil holds near 3-year highs

Brent crude oil futures stuck near three-year highs on Tuesday, with U.S. benchmark crude close to 2014 peaks, after the OPEC+ supplier group decided to stick to a gradual output increase plan rather than fully opening the taps. Brent …

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Brent oil price rises over $80

The price of Brent crude oil jumped Tuesday above $80 for the first time in almost three years on expectations for surging demand and concerns about supplies as the world slowly emerges from the pandemic crisis. Brent crude futures …

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Brent oil surges to over $79 per barrel

Asian shares got off to a cautious start on Monday as a jump in oil prices to three-year highs could inflame inflation fears and aggravate the recent hawkish turn by some major central banks. Oil pushed past its July peaks as global …

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