Oil prices remained largely unchanged on Thursday as investors grappled with conflicting signals about crude demand. Concerns about a potential economic slowdown in the U.S. were balanced by rising expectations that the Federal Reserve might soon cut interest rates. By 11:41 a.m. EDT (1541 GMT), Brent futures had edged up […]
Brent crude futures
Crude oil prices lost their gaining streak and declined on Tuesday, July 16, as investor sentiments were weighed down by worries that a slowing Chinese economy would crimp demand. This was despite a growing consensus that the US Federal Reserve could begin cutting its interest rate as soon as September. […]
Oil prices remained stable as worries about demand in top importer China countered the support from strong demand elsewhere, OPEC’s supply restraint, and geopolitical tensions in the Middle East, on Monday. The broader market’s reaction to the attempted assassination of former U.S. President Donald Trump was closely watched. The U.S. […]
Oil prices stabilized on Wednesday as the Organization of the Petroleum Exporting Countries (OPEC) maintained its growth forecast for oil demand for this year and next, while U.S. crude and gasoline inventories likely decreased last week. At 1312 GMT, Brent futures rose by 1 cent, or 0.01%, to $84.67 a […]
Oil prices dipped on Monday after four weeks of gains, as concerns over supply disruptions eased amid hopes for a ceasefire deal in Gaza. However, the potential impact of Hurricane Beryl on supplies limited the decline. By 12:30 GMT, Brent crude futures had fallen 42 cents, or 0.5%, to $86.12 […]
International crude oil prices of Brent hit their highest level since April 2024 on Thursday, July 4, holding above the $87/barrel-mark after industry data showed a decline in US inventories. The surge in crude prices followed a larger-than-expected decline in US crude stocks after the US Energy Information Administration (EIA) […]
Brent futures rose four cents, or 0.1 per cent, to $85.75 a barrel, while US West Texas Intermediate (WTI) crude for August delivery remained unchanged at $81.29 from where it closed on Thursday. That put Brent on track for its highest close since April 30 for a second day in […]
Oil prices reached seven-week highs on Wednesday, driven by optimism about summer demand and concerns over escalating conflicts, despite an industry report indicating an unexpected rise in U.S. crude inventories. Brent crude futures for August, set to expire on Thursday, increased by 20 cents to $85.53 a barrel by 12:35 […]
Oil prices remained steady on Tuesday as traders awaited signs of increased summer demand that could support prices, despite concerns about ample supply potentially limiting gains. Benchmark Brent crude futures were unchanged at $84.23 per barrel at 1231 GMT, following an increase in the previous session. Meanwhile, U.S. West Texas […]
Crude oil prices edged higher on Tuesday, June 11, after the Organisation of Petroleum Exporting Countries (OPEC) stuck to its forecast for relatively strong growth in global oil demand in 2024. Investors waited for the outcome of the US Federal Reserve’s policy decision, due on Wednesday, June 12, as it […]