Tag Archives: Oil

Oil stabilized today and traded within a narrow range amid optimism about an improvement in fuel demand in the United States, but the possibility of Iranian oil returning to the markets pressures prices. Brent crude rose 14 cents, equivalent to 0.2%, to $ 68.79 a barrel, and US West Texas …

Oil, Crude, trading

Oil prices continued to rise on Tuesday, but gains were limited due to concerns about a possible rise in global output as media reports point to developments in restoring the Iran nuclear deal. However, markets continue to show optimism about demand recovery during the second half of the year, amid …

Oil, Crude, trading

Oil, Crude, trading

Oil prices rose on Monday, as recent fears of a sudden rise in the global output eased, with the U.S. benchmark futures finished at their highest level in a week. Recent remarks by the United States government suggested that there are concerns about Iran’s commitment to renewing the nuclear deal. …

Oil prices today recovered some of last week’s losses, as a potential obstacle to reviving the 2015 nuclear deal with Iran loomed over the horizon, which could add more oil supplies, while indirect talks between Washington and Tehran are due to resume this week. Brent crude futures for March delivery …

Oil, Crude, trading

Oil prices rose on Friday, amid possible supply disruptions in North American due to a subtropical storm forming near the Gulf of Mexico. However, crude futures failed to recover all of its weekly losses. Brent crude futures for July delivery gained $1.33, or 2%, to settle at $66.44 per barrel. …

Oil prices declined on Thursday for the third consecutive session, with expectations that progress in talks between the United States and Iran regarding the nuclear deal might lead to lifting sanctions, thus increasing market supplies. Brent crude futures for July delivery fell by $1.55, or 2.3%, to finish at $65.11 …