Tag Archives: crude oil prices

Oil prices settled at a high level in Asian trade on Friday, July 29, supported by supply concerns and with the focus shifting to the next meeting of the OPEC + bloc, though recession fears limited the gains. West Texas Intermediate crude futures for September delivery rose 38 cents, or …

Oil rose more than a dollar a barrel on Thursday, extending gains from the previous session, supported by improved risk appetite among investors, while prices were supported by a decline in US crude inventories and a recovery in gasoline demand in the United States. Brent crude futures for September delivery …

Oil prices stabilized on Wednesday as data showing a larger-than-expected drop in US crude inventories dispelled concerns about weak demand. Brent crude futures recorded $104.55 a barrel, up 15 cents, or 0.1 percent. US West Texas Intermediate crude rose 27 cents, or 0.5%, to $95.25 a barrel. After Tuesday’s settlement, …

Oil prices rose on Tuesday for the second day in a row amid growing fears of tight European supplies after Russia, a major oil and natural gas supplier to the region, cut gas supplies through a major pipeline. Brent crude futures for September rose $1.51, or 1.4 percent, to $106.66 …

Oil prices fell on Friday as the outlook for global demand weakened, as well as the resumption of some Libyan crude oil production. By 1023 GMT, Brent crude futures fell $1.02 to $102.84 a barrel. West Texas Intermediate crude futures fell $1.08 to $95.27 a barrel. Friday’s data revealed that …

Oil prices fell for the second consecutive session Thursday, July 21, as demand concerns outweighed concerns about tight global supplies after US government data revealed weak gasoline consumption in the peak summer travel season. Brent crude futures fell 33 cents, or 0.3%, to $106.59 a barrel, after falling 0.4% in …

Oil prices jumped more than five dollars on Monday, boosted by a weak dollar and expectations that the US Federal Reserve will not raise interest rates by a full percentage point at its next meeting to fight inflation. The global benchmark Brent crude contracts for September delivery ended the trading …

Oil prices extended gains on Monday, July 18, supported by a weak dollar and tight supplies, which offset fears about a recession and the possibility that widespread shutdowns in China to combat Covid-19 will again reduce demand for fuel. Brent crude futures for September delivery settled at $103.76 a barrel …

Oil prices extended gains on Monday, buoyed by a weak dollar and tight supplies that offset fears about a recession and the possibility that widespread shutdowns in China to combat COVID-19 will again reduce demand for fuel. Brent crude futures for September delivery settled 69 cents, or 0.7 percent, at …

Oil prices rose on Friday on expectations of a milder US interest rate hike, but concerns about a recovery in demand capped gains. By 0300 GMT, Brent crude futures for September delivery rose $1.25, or 1.3 percent, to $100.35 a barrel. West Texas Intermediate crude futures rose 90 cents, or …