Nasdaq KUALA LUMPUR – Oil prices slipped on Tuesday as traders eyed the latest progress in last-ditch talks to revive the 2015 nuclear accord with Iran, which would clear the way to boost its crude exports in a tight market. Brent crude LCOc1 futures were down 86 cents, or 0.9%, at $95.79 a barrel at 0725 GMT, after gaining 1.8% in the previous session. U.S. West Texas
World Oil (Bloomberg) — U.S. crude futures fell below $90 a barrel for the first time since February, the month Russia invaded Ukraine. Futures dropped as much as 1% to $89.80 a barrel. Prices have given up all of their gains since the war began as higher interest rates and a looming global economic slowdown menace demand. On the
CNBC Oil dropped Monday as a flare-up in Covid-19 cases in Beijing dented hopes of a Chinese demand rebound, while worries about more interest rate hikes to control rampant inflation added further pressure. Beijing’s most populous district Chaoyang announced three rounds of mass testing to quell a “ferocious” Covid-19 outbreak that emerged last week. Mass testing would take place until
CNBC Oil prices fell on Monday as concerns over weak economic growth in China, the world’s top oil importer, overshadowed fears supply might be crimped by a potential European Union ban on Russian crude. Brent crude futures were down $3.23, or 3%, to $103.91 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell $3.41, or 3.2%, to $101.28 a barrel.
Reuters Oil prices fell on Monday as signs of a progress in the U.S.-Iran nuclear talks that could lead to removal of U.S. sanctions on Iranian oil sales offset concerns about the tight supplies. “Investors scooped up short-term profits on the news suggesting progress in the U.S.-Iran nuclear talks, but fresh buying kicked in again after the technical corrections as
CNBC Oil prices fell on Monday, hit by a stronger dollar and investor concerns over the possibility of quicker than expected increases to interest rates by the U.S. Federal Reserve. Brent crude fell $2.19, or 2.5%, to $85.70 per barrel. West Texas Intermediate (WTI) crude dropped $2.59, or 3%, to $82.56 per barrel. The dollar rose to a two-week high on Monday
Reuters LONDON -Oil fell on Monday as new concerns about the Omicron coronavirus variant and doubts around the effectiveness of vaccines against it were weighing on prices. Brent fell 78 cents, or 1%, to $74.37 a barrel by 1227 GMT, and U.S. West Texas Intermediate (WTI) was down 72 cents, or 1%, at $70.95 a barrel. Both benchmarks posted
Reuters LONDON -Oil fell below $75 a barrel on Monday as rising risk aversion weighed on stock markets and boosted the U.S. dollar, although crude pared earlier losses on signs that some U.S. Gulf output will stay offline for months due to storm damage. The dollar, seen as a safe haven, rose as worries about Chinese property developer Evergrande’s solvency
Reuters LONDON – Oil fell on Tuesday in volatile trade as concern over rising cases of the Delta coronavirus variant weighed on prices while expectations of a lower U.S. inventories lent some support. Benchmark Brent crude oil futures fell $1.22, or 1.7%, to $71.67 a barrel by 1236 GMT. U.S. West Texas Intermediate (WTI) crude was down $1.42, or 2%,
Reuters LONDON -Oil prices slid on Tuesday as the Suez Canal reopened to traffic, while focus turned to an OPEC+ meeting this week which analysts expect to approve an extension to supply curbs amid disappointing demand prospects. Brent crude was down $1.02, or 1.6%, at $63.96 a barrel by 1334 GMT. West Texas Intermediate U.S. oil was off by $1.16,
Reuters LONDON – Oil prices sunk for a fifth day running on Thursday on a stronger dollar, a further increase in U.S. crude and fuel inventories and the weight of the ever-present COVID-19 pandemic. Brent crude was down $2.33, or 3.43%, to $65.67 a barrel at 1426 GMT. U.S. oil was down $2.27, or 3.51%, at $65.67 after shedding 0.3%
Reuters LONDON – Oil prices fell on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the virus outweighed a better-than-expected quarterly rebound for China’s economy. Brent crude was down 16 cents, or 0.3%, at $54.94 per barrel at 1445 GMT, and West Texas Intermediate U.S. crude fell 10
