Tag Archives: Oil

Oil prices rose on Thursday for the fifth consecutive session, with economic data boosting hopes for recovery. Specifically, the U.S. GDP data, which showed a growth rate of 6.4%, provided support to crude oil prices, as well as the drop in jobless claims. Brent crude futures for July delivery rose …

Oil prices fell on Thursday, May 27, but remained within their narrow range this week, as optimism about the summer driving season in the United States and Europe was met with concern about India’s demand and a possible increase in Iranian supplies. Brent crude was down 57 cents, equivalent to …

Oil, Crude, trading

Oil prices rose on Wednesday, as markets continue to expect demand recovery during the second half of the year. In addition, a decline in crude oil inventories in the United States also provided support for oil futures. Brent crude futures for July delivery gained 22 cents, or 0.3%, to settle …

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. …