Reuters U.S. West Texas Intermediate (WTI) crude futures hit a low of $108.28 a barrel, and were down $4.55, or 3.9%, at $109.35. Both benchmark contracts rose 1.4% on Friday, notching their first weekly gains in three weeks, with Brent surging 11.8% and WTI climbing 8.8%. Shanghai has entered a two-stage lockdown of 26 million people on Monday in an
Reuters SINGAPORE — Crude oil prices fell on Monday on expectations of increasing supply, while higher energy costs and rising COVID-19 cases are also seen weighing on demand. Brent crude futures fell 63 cents, or 0.8%, to $81.54 a barrel, as of 0731 GMT. U.S. West Texas Intermediate (WTI) crude lost 55 cents, or 0.7%, to $80.24 a barrel. Oil markets have
Reuters NEW YORK – Oil prices eased on Tuesday as coronavirus cases globally continued to rise, but losses were capped amid reports of a blast in Saudi Arabia. Brent crude was up 4 cents, or 0.1%, at $55.92 by 12:57 p.m. ET (1757 GMT,) while U.S. crude fell 19 cents, or 0.4%, to $52.58. Indonesia, the world’s fourth-most-populous country, surpassed
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