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 […]
Crude oil prices trending news
International crude oil prices settled slightly lower in the previous session after a survey showed deteriorating US consumer sentiment. Still, prices rose four per cent for the week as investors weighed forecasts for solid demand for crude oil and fuel in 2024. Oil benchmarks slipped after a survey showed US […]
Oil prices rose on Thursday as the European Central Bank cut interest rates for the first time in roughly five years, and Denmark’s central bank followed with its own rate cut. Brent crude futures were up $1.07 or 1.36% at $79.48 a barrel by 11:22 a.m. EDT (1522 GMT). U.S. […]
International crude oil prices edged lower on Wednesday, June 5, after hitting a four-month low in the previous session despite the Organisation of Petroleum Exporting Countries (OPEC) extending the supply cuts till 2025. A surprise build in US crude stocks and a larger-than-expected rise in fuel stocks fuelled demand concerns […]
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, are known collectively as OPEC+ and will meet on Sunday, June 2, to discuss their joint oil production policy. However, analysts are not particularly bullish on the crude oil prices this year as many believe markets to […]
Oil prices extended gains and hit a four-week high on Wednesday, May 29, over expectations that the Organisation of Petroleum Exporting Countries and its allies (OPEC+) will extend output cuts at its upcoming policy meeting on June 2. Crude also gained on hopes that the fuel consumption or demand will […]
Crude oil prices have resumed their upward trend in recent sessions to hit multi-week highs, led by rising tensions in the Middle East and expectations of OPEC+ countries extending voluntary output cuts of about 2.2 million barrels per day, which were first implemented in 2023 to bolster global crude oil […]