Tag: oil prices

Oil prices slid on Thursday after data showed an unexpected rise in U.S. inventories. U.S. Crude Oil WTI Futures slid 0.3% to $59.23. International Brent Oil Futures were down 0.2% to $67.13. The U.S. Energy Information Administration (EIA) reported that U.S. crude stocks increased by 2.8 million barrels last week. Markets previously expected a decrease of 1.2 million barrels. The […]

Oil prices rose on Tuesday, pushed up by supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, although concerns about a potential recession kept markets from rising further. Brent crude oil futures were at $67.48 per barrel, up 27 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate […]

Oil prices fell further from 2019 highs on Friday, but was set for a thrid straight week of gains due to supply cuts led by producer club OPEC and by U.S. sanction on Iran and Venezuela. Brent crude futures were at $67.39 per barrel, 47 cents below their last close. Brent hit a four-month high […]

Oil prices slipped on Wednesday as bullish output forecasts by two big U.S. producers and a build in weekly U.S. crude stockpiles outweighed ongoing OPEC-led production cuts. International Brent crude futures were at $65.36 per barrel at 0440 GMT, down 50 cents, or 0.8 percent, from their last settlement. U.S. West Texas Intermediate (WTI) crude oil futures were also […]