Reuters NEW YORK -Oil prices fell for a third day in a row to a two-week low on Wednesday on a surprise build in U.S. crude stockpiles and as the spread of the coronavirus Delta variant outweighed the impact of Mideast geopolitical tensions. The U.S. Energy Information Administration (EIA) said crude stockpiles rose 3.6 million barrels during the week ended
Tribune Oil prices fell on Monday due to concerns over fuel demand caused by the spread of Covid-19 variants and as changes to import rules in China offset expectations of tight supplies through the rest of the year. Brent crude futures for September fell $0.35, or 0.4%, to $73.75 a barrel by 1100 GMT while US Texas Intermediate crude was
Reuters LONDON -Oil prices slipped on Monday as concerns about slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled. Brent crude for September fell 89 cents, or 1.2%, to $74.66 a barrel by 1410 GMT. U.S. West Texas Intermediate crude for August was at $73.55 a barrel, down
Reuters LONDON -Oil prices were on course for a third day of losses on Thursday after diplomats said progress was made towards a deal to lift sanctions on Iran, which could boost crude supply. Retracing some earlier losses, Brent crude was down 39 cents, or 0.5%, at $66.27 a barrel by 1320 GMT. West Texas Intermediate U.S. oil lost 23
Reuters LONDON -Oil prices fell on Wednesday on concerns about the market’s recovery after OPEC and its allies lowered their 2021 demand growth forecast, although strong Chinese factory activities lent some support. Brent crude for May, which expires on Wednesday, fell 49 cents, or 0.76%, to $63.65 a barrel at 1322 GMT. The more active Brent contract for June was
Reuters LONDON – Oil prices fell on Monday as force majeure at Libya’s largest oilfield was lifted, a Norwegian strike affecting production ended and U.S. producers began restoring output after Hurricane Delta. Brent crude LCOc1 fell 57 cents, or 1.3%, to $42.28 a barrel by 1340 GMT and U.S. West Texas Intermediate CLc1 was down 60 cents, or 1.5%, at $40.00. “It’s all about
Reuters LONDON – Oil prices dropped on Tuesday as Europe and the United States grappled with a surge in new coronavirus infections and investors remained cautious ahead of the first U.S. presidential debate. Brent’s November contract LCOc1, which expires on Wednesday, fell 63 cents, or 1.5%, to $41.80 a barrel by 1342 GMT. The more active Brent crude contract for December LCOc2 fell
CNBC Oil prices slid on Tuesday amid concerns that a nascent recovery in fuel demand could stall as a fresh wave of COVID-19 infections around the world sparks tighter lockdowns just as major producers ramp up output. U.S. West Texas Intermediate (WTI) crude futures fell 30 cents, or 0.7% to $40.71 a barrel at 0414 GMT, while Brent crude futures fell 37 cents, or
Reuters LONDON – Oil prices fell on Monday as coronavirus cases increased in many countries, though cautious investor optimism about a potential COVID-19 vaccine and ongoing talks over a European Union fund to revive economies hit by the pandemic curbed losses. Brent crude LCOc1 was down 32 cents, or 0.7%, at $42.82 per barrel by 1339 GMT, while U.S. West
Reuters LONDON – Oil prices fell on Wednesday on fears about fresh outbreaks of COVID-19 but prices drew some support from stimulus measures and positive tests of a drug that could save some critically ill patients. Brent crude LCOc1 was down 38 cents, or 0.9%, at $40.58 a barrel at 1335 GMT. U.S. West Texas Intermediate (WTI) CLc1 fell 56
Reuters LONDON – Oil fell on Monday on worries about renewed tensions between the United States and China, although reports that OPEC and Russia were closer to a deal on extending oil output cuts lent some support to prices. Benchmark Brent crude LCOc1 was down 46 cents, or 1.2%, at $37.38 a barrel at 1331 GMT. U.S. crude CLc1 fell
Reuters LONDON – Oil prices fell on Monday, with a U.S. crude futures contract hitting its lowest level since 1998, as concerns that U.S. crude storage will soon be full and bleak economic data hit sentiment. Brent LCOc1 was down $1.18, or 4.2%, at $26.90 a barrel by 1321 GMT, while the front-month May WTI contract CLc1 fell $5.88, or
