Oil fell on Wednesday on concerns that the withdrawal of Iranian supplies would exceed expectations for improving U.S. fuel demand, which was strengthened by the fall in weekly inventory ratings. Brent crude oil futures for July were down 6 cents, or 0.1%, at $ 68.59 a barrel at 0434 GMT, while US dollars for July…
Oil prices rose for a third day on Tuesday, hitting a one-week high after rising more than 3% in the previous session, sparking earlier expectations by oil exporters that Iran would make a quick return to international crude markets. Brent crude futures rose 14 cents, or 0.2%, to $ 68.60 a barrel at 0400 GMT,…
Oil rose in Asia on Monday morning, with U.S. Investors’ sentiment has been boosted by signs of an economic recovery and improved outlook for fuel demand following the COVID-19. Investors are also watching the progress of negotiations to renew the 2015 Iranian nuclear deal, which is likely to boost global crude supplies. Brent oil futures…
Oil prices rose on Friday after three days of losses as investors dared to withdraw Iranian crude supplies after officials said Iran and world powers had made progress on the nuclear deal. By 1017 GMT, Brent crude was up 80 cents, or 1.2%, to $ 65.91. The West Texas Intermediate was $ 62.82 a barrel,…
Oil prices flattened on Thursday after a two-day slump that reflected the world’s mixed economic recovery from the U.S. epidemic. Demand is expected to continue to rise, while the second coronavirus outbreak in India has further hampered the movement. Brent crude was up 11 cents, or 0.2%, at $ 66.77 a barrel at 0657 GMT,…
Oil prices fell for a second day on Wednesday on fears that rising US coronavirus cases and inflation could lead to the US Federal Reserve raising interest rates, which could restrict economic growth. Brent crude futures fell 57 cents, or 0.8%, to $ 68.14 a barrel at 0642 GMT. It was down 1.1% on Tuesday…
Rising premiums for North Sea oil led to the arrival of crude into Europe from exporters across the Atlantic. According to data compiled by Bloomberg, manufacturers in countries including Nigeria, Brazil, and the U.S. loaded nearly 1 million barrels of crude a day to European buyers more than they did in March last year. The…
