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 […]
latest news on brent crude futures
Crude oil prices declined nearly one per cent on Wednesday, May 22, retreating for a third straight day on expectations that US interest rate cuts might be delayed due to sustained inflation, a move that could weaken oil demand. Brent crude futures were down 78 cents, or 0.94 per cent, […]
Also Read: Brent, WTI shed 6% as oil heads for steepest weekly drop in 3 months: What’s cooling down the commodity? Brent crude futures dropped 36 cents, or 0.4 per cent, to $82.97 per barrel, while the US West Texas Intermediate (WTI) crude futures were down 28 cents, or 0.4 […]