Tag Archives: tight inventories

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 …