(Investing) – HOUSTON -Oil prices edged lower on Monday as worries of an oversupply outweighed geopolitical tensions in Russia and the Middle East. Brent crude oil futures dipped 24 cents, or 0.4%, to $66.44 a barrel by 11.01 a.m. ET (15.01 GMT). Brent has traded between $65.50 and $69 a barrel since early August. U.S. West Texas Intermediate crude contract for
(Investing) – Oil prices fell Friday, heading for a hefty weekly loss and pressured by a stronger dollar and continued demand concerns, especially in top crude importer China. A 08:55 ET (13:55 GMT), Brent oil futures expiring in February fell 0.5% to $72.43 a barrel, and West Texas Intermediate crude futures fell 2.4% to $68.91 a barrel. Oil heads for weekly losses amid dollar pressure Both
Investing NEW YORK – Oil futures were little changed on Monday as rising concerns about global demand caused the market to take a break after prices jumped about 6% last week on worries that Middle East tensions could cause supply problems. Brent futures fell 26 cents, or 0.3%, to $81.93 a barrel by 10:48 a.m. EST (1548 GMT), while U.S. West
Investing NEW YORK – Oil prices fell more than a dollar a barrel on Monday as China’s ailing property sector sparked demand worries, causing traders to reassess the supply risk premium from escalating tensions in the Middle East. Brent crude futures fell $1.22, or 1.5%, to $82.33 a barrel by 12:56 pm ET (1756 GMT), while U.S. West Texas Intermediate crude
CNBC Oil prices are set to end 2023 about 10% lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered wild fluctuations in prices. Brent crude futures were up 44 cents, or 0.6%, at $77.59 a barrel on Friday, the last trading day of 2023, while the U.S. West Texas Intermediate
Nasdaq Oil prices rose slightly in Asian morning trade on Friday, but were set for a third straight week of losses after markets witnessed dramatic drops on fears of a weakening U.S. economy and slowing Chinese demand. Brent crude LCOc1 rose 30 cents, or 0.4%, to $72.80 a barrel at 0250 GMT, while U.S. West Texas Intermediate CLc1 was up 30 cents, or 0.4%,
Nasdaq SINGAPORE – Oil prices rebounded in Asian trade on Thursday after slumping to their lowest level this year in the previous session, though concerns of economic slowdowns weakening fuel demand continued to cap gains. Brent crude futures LCOc1 were up 70 cents or 0.9% at $77.87 per barrel by 0500 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 futures gained 74
Yahoo Finance NEW YORK – Oil prices dropped sharply on Monday as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week’s meeting of OPEC and its producer allies on supply. Brent crude futures fell $4.10, or 3.9%, to $99.87 a barrel by 1:19 p.m. EDT (1719 GMT), having fallen to a session
CNBC Oil prices opened slightly higher on Tuesday, after falling sharply the prior session on worries that continued Covid-19 lockdowns in China would eat into demand and as the U.S. dollar rose to a two-year high. Brent crude futures were at $103.14, up 80 cents, or 0.8% and U.S. West Texas Intermediate contracts climbed to $99.42, up 88 cents, or 0.9%. Both contracts
CNBC Oil prices fell on Monday, weakened by the possible return of Libyan production and as rising coronavirus cases stoked worries about global demand, although the market drew support as a tropical storm threatened to disrupt output in the U.S. Gulf of Mexico. Brent crude was down $1.69, or 4%, at $41.46 a barrel. West Texas Intermediate crude fell $1.85, or
Reuters LONDON – Oil prices slipped slightly on Monday amid concerns about a stalled global economic recovery and with Libya poised to resume production, but were supported by an impending storm which has disrupted U.S. oil output. Brent crude LCOc1 was down 12 cents, or 0.3%, at $39.71 a barrel while U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 8 cents, or
Reuters LONDON – Oil prices were steady on Tuesday amid signs that producers are cutting output as promised while traders awaited more clarity on the demand picture as some countries ease out of lockdowns. Benchmark Brent crude was up 4 cents or 0.1% at $34.85 a barrel by 1205 GMT. The front-month contract for U.S. West Texas Intermediate crude which
