Tag Archives: brent

Oil tumbled over 3% on Tuesday, retreating from a seven-year high after Russia said some of its military units were returning to their bases following exercises near Ukraine, a move that appeared to de-escalate tension between Moscow and the West.It was not clear how many units were being withdrawn, and …

Crude oil markets stabilized on Monday after printing fresh highs earlier in the day, supported by the ongoing tense geopolitical backdrop in Eastern Europe and continued tight global oil market conditions. Front-month WTI futures, which have swung between multi-year highs near $95.00 and session lows just above $92.00, currently trade …

The US oil benchmark jumped to above $92 per barrel early on Friday, its highest level since 2014, amid the Russia-Ukraine crisis and a deep freeze in Texas that disrupted some Permian oil production.West Texas Intermediate crude oil broke this week the $90 a barrel mark for the first time …

Oil prices reached their highest level in seven years on Friday as geopolitical tensions and a winter storm in the United States fueled concerns about supply disruptions. Brent crude rose $1.32, or 1.5 percent, to $92.43 a barrel by 1120 GMT, after earlier touching its highest level since October 2014, …

The supplies of fuel oil in the United States, including diesel and heating oil, have fallen, and refineries are finding it difficult to refill their stocks, which could keep prices high for months. Demand for diesel, heating oil and other petroleum products has been increasing for months, more than pre-pandemic …

Oil prices retreated on Wednesday even after OPEC+ stuck to planned moderate output increases despite pressure from top consumers to raise output more quickly after prices rallied to 2014 highs.Brent crude was down 7 cents to $89.09 a barrel at 12:15 p.m. EST (1715 GMT) while US West Texas Intermediate …

US Treasury yields ended Friday’s trading in a bearish trend, affected by the relative stability in US inflation rates, which was reflected by fresh data. Bond yields for ten years fell to 1.782%, compared to the last daily close, which recorded 1.804%.Economic DataThe oil and gas rig count, an early …

Oil prices rose on Friday, set for a sixth straight week of gains as geopolitical tensions continued to fuel supply concerns. Brent crude futures rose 63 cents, or 0.7 percent, to $89.97 a barrel by 1013 GMT, after reaching $91.04 on Thursday, the highest level since October 2014. West Texas …

Oil traded at a seven-year high of around $90 a barrel on Thursday as the Ukraine crisis supported prices despite signs that the US Federal Reserve would tighten monetary policy. Brent crude futures rose six cents, or 0.1 percent, to $90.02 a barrel by 1113 GMT, and West Texas Intermediate …

Brent crude futures rose more than 2% on Wednesday, surpassing $90 a barrel for the first time since 2014. The price of oil surpassed $90 a barrel on Wednesday, its highest mark in eight years as limited supply coupled with the prospect of a Russian invasion of Ukraine sent energy …