Oil prices fell slightly early Friday as concerns over oversupply and a stronger currency weighed on U.S. fuel stocks. Brent crude ended down 30 cents, or 0.41 percent, at $72.26 a barrel. U.S. West Texas Intermediate crude futures were down 25 cents, or 0.36 percent, at $68.45. WTI is expected to fall 2.7 percent for…
With Israel accepting a plan to address the issues preventing a ceasefire agreement in Gaza, concerns over a disruption in Middle Eastern oil supplies were allayed, and oil prices inched down on Tuesday. At $77.54, Brent crude dropped 12 cents, or $2.02, or 0.15%. Tuesday’s front-month U.S. West Texas Intermediate oil futures were down 14…
The prospect of a truce in Gaza took a toll on oil prices on March 22, further dented by a stronger currency and a decline in demand for gasoline in the United States. To futures contracts, the price of Brent Crude dropped by 0.5% to $85.36 a barrel. Similarly, US oil futures dropped 0.5% to…
As investors anticipated the OPEC+ meeting later this week in hopes of reaching an agreement to limit supplies through 2024, oil prices were little moved on Monday, with Brent remaining above $80 per barrel. U.S. West Texas Intermediate crude futures were up 10 cents, or 0.1%, at $75.64 a barrel, while Brent crude futures up…
Crude oil prices down by 5% in volatile trading on Tuesday as investors weighed demand concerns against tight international supplies after Libya halted some exports and as factories in Shanghai prepared to reopen following a Covid-19 shutdown. Growing fears of a U.S. recession as the Federal Reserve tries to beat inflation with some of the…
