CNBC Oil prices fell in choppy trading on Tuesday as a clouded oil demand outlook outweighed the potential boost from a cut to China’s benchmark lending rates. Brent crude fell 92 cents, or 1.2%, to $75.17 a barrel by 1345 GMT. U.S. West Texas Intermediate (WTI) crude for July was down $1.53 from Friday’s close at $70.25. The
CNBC Oil prices fell on Wednesday on a stronger U.S. dollar and as weak data from top oil importer China raised demand fears. Brent crude futures for August delivery were last down $1.69, or 2.3%, to $71.85 a barrel. U.S. West Texas Intermediate crude (WTI) fell $1.91, or 2.75%, to $67.55. Both benchmarks fell by more than 4% on Tuesday. Brent’s July contract, which
CNBC Oil prices ticked up on Friday, as the market weighed conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting. Brent crude was last up 53 cents at $76.79 a barrel, while U.S. West Texas Intermediate rose 63 cents to $72.46 a barrel. Benchmarks had settled more than $2 per barrel lower
Yahoo Finance LONDON -Oil prices sank to their lowest since late March on Tuesday on weak economic data from China, expectations of interest rate hikes by the U.S. Federal Reserve and European Central Bank (ECB) this week, and concerns about ample supply. Brent crude fell $2.41, or 3.04%, to $76.90 a barrel by 1404 GMT while U.S. West Texas Intermediate
BOE Report Oil prices retreated on Thursday after rising for two sessions, with investors still showing lingering concern over a possible U.S. recession and weaker oil demand. U.S. West Texas Intermediate slid 14 cents, or 0.17%, to $83.09. Brent crude fell 11 cents, or 0.13%, to $87.07 a barrel. Both benchmarks rose 2% on Wednesday to their highest in
BOE Report Oil prices extended losses on Friday on worries about a potential oversupply after U.S. Energy Secretary Jennifer Granholm said refilling the country’s Strategic Petroleum Reserve (SPR) may take several years. U.S. West Texas Intermediate crude futures slipped $1.65, or 2.38%, to $67.71 a barrel. Brent crude fell $2.31, or 3.06%, to $73.29 a barrel. Bothenchmarks, which fell about
BOE Report Oil prices fell on Tuesday, reversing the previous day’s gain, as fears that a global economic slowdown, and drop in fuel demand, amid aggressive interest rate hikes by the U.S. central bank prompted investors to take profits. Traders are awaiting the minutes of the latest Federal Reserve meeting, due on Wednesday, as data on core inflation has
CNBC Oil prices fell on Friday in a volatile session, after strong U.S. jobs data raised concerns about higher interest rates and as investors sought more clarity on the imminent EU embargo on Russian refined products. Brent crude futures fell $1.98, or 2.4%, to $80.19 a barrel by 12:11 p.m. EST (1711 GMT), after rising to a session high of
CNBC Oil prices extended losses on Monday as looming increases to interest rates by major central banks and signs of strong Russian exports offset rising Middle East tension over a drone attack in Iran and hopes of higher Chinese demand. Investors expect the U.S. Federal Reserve to raise rates by 25 basis points on Wednesday, followed the day after by half-point
BOE Report Oil futures fell on Monday, with WTI hitting an 11-month low, as protests in top importer China over strict COVID-19 curbs fuelled demand concerns. U.S. West Texas Intermediate (WTI) crude slid $1.80, or 2.35%, to $74.71 a barrel. It fell as far as $73.82 earlier — its lowest since Dec. 27, 2021. Brent crude dropped $1.90, or
Yahoo Finance NEW YORK – Oil slid about 1% on Thursday as an increase in U.S. interest rates pushed up the dollar and heightened fears of a global recession that would crimp fuel demand. Losses, however, were limited by concern over tight supply. Brent futures fell 90 cents, or 0.9%, to $95.26 a barrel by 11:37 a.m. EDT (1537
BOE Report LONDON – Oil prices fell on Friday after top crude importer China widened its COVID-19 curbs, though benchmarks were poised for a weekly gain on supply concerns and surprisingly positive economic data. Brent crude futures dropped 87 cents, or 0.9%, to $96.09 a barrel by 1309 GMT, having climbed by 1.3% in the previous session. U.S. West Texas
