Yahoo Finance LONDON -Oil prices were little changed Thursday as January U.S. inflation data reinforced expectations for a June cut to interest rates. Brent crude futures for April were down 2 cents at $83.66 a barrel by 1355 GMT. The April contract expires on Thursday and the more active May contract was up 2 cents at $82.17. U.S. West Texas
Oil Price Woodside Energy expects demand for liquefied natural gas to increase by 50% over the next ten years driven by Asia, Bloomberg has reported, citing chief executive Meg O’Neill. “We’re seeing signs of that demand growth in emerging Asia,” O’Neill told the publication. “There’ll be points in time where we’ll see a fair amount of new supply arriving, but the
Yahoo Finance NEW YORK – Oil prices rebounded from earlier losses on Thursday on the back of a weak dollar, but an International Energy Agency (IEA) report flagging slowing demand growth this year and a larger-than-expected jump in U.S. crude inventories capped gains. Brent crude futures were up $1.16, or 1.4%, at $82.76 a barrel by 11:31 a.m. EST. U.S.
Yahoo Finance LONDON-Oil prices dipped about 2% on Friday after strong U.S. jobs data diminished the odds of interest rate cuts in the short term, setting up both benchmarks for a weekly loss given China’s faltering economy and persistent geopolitical tensions. Brent crude futures were down $1.40, or 1.8%, at $77.30 a barrel by 1453 GMT and U.S. West Texas
Investing LONDON – Oil prices edged lower on Tuesday, extending a more than 1% drop in the previous session on China’s economic outlook, though losses were kept in check by supply fears driven escalating tensions in the Middle East. March Brent crude futures, which are due to expire on Wednesday, fell 52 cents, or 0.6%, to $81.88 a barrel by 1413 GMT.
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
Oil Price Oil prices rose by more than 1% early on Thursday, buoyed by a larger-than-expected U.S. crude draw, Chinese stimulus, and continued attacks by the Houthis in and near the Red Sea. As of 10:50 a.m. ET on Thursday, the U.S. benchmark, WTI Crude, had risen by 1.53% to $76.00. The international benchmark, Brent Crude, was up by 1.36% at $80.95.
BOE Report Oil prices were little changed in Asian trading on Wednesday as weak demand and a recovery in supply limited the market’s reaction to mounting geopolitical risk. The front-month March contract for Brent crude inched up 5 cents to $79.60 a barrel as at 0138 GMT. U.S. West Texas Intermediate crude ticked up 7 cents to $74.44 a barrel.
US News NEW YORK – Oil prices inched up Tuesday, as traders weighed production outages in the U.S. and tensions in the Middle East and Europe against rising crude supply in Libya and Norway. Brent crude futures were up 30 cents, or 0.4%, to $80.36 a barrel at 11:24 a.m. EST (1618 GMT). U.S. West Texas Intermediate crude futures (WTI)
CNBC Oil prices rose on Thursday as the IEA joined producer group OPEC in forecasting relatively strong growth in global oil demand this year, with price impetus also coming from disruption to U.S. output and geopolitical risks in the Middle East. Brent crude futures gained 2 cents to $77.90 a barrel while U.S. West Texas Intermediate crude futures rose 22 cents, or
Investing LONDON – Oil prices rose on Tuesday as the Middle East crisis and a Libyan supply outage reduced the previous day’s heavy losses. Brent crude futures were up $1.07, or 1.41%, at $77.19 a barrel by 1515 GMT and U.S. West Texas Intermediate crude futures gained $1.12, or 1.58%, to $71.89. At their intra-day peaks both benchmarks were up by
Nasdaq LONDON – Oil prices gained on Friday, as U.S. Secretary of State Antony Blinken prepared to visit the Middle East to try and prevent the Israel-Gaza conflict from widening. Brent crude futures LCOc1 were up 44 cents, or 0.57%, to $78.03 a barrel, while U.S. West Texas Intermediate crude futures CLc1 rose 57 cents, or 0.79%, to $72.76 at 1032 GMT. At its
