Reuters Oil prices climbed on Tuesday as Russian oil and gas condensate production fell to 2020 lows and OPEC warned it would be impossible to replace potential supply losses from Russia. Brent crude futures rose by $6.68, or 6.8%, to $105.16 a barrel by 12:04 p.m. EDT (1604 GMT). U.S. West Texas Intermediate was up $6.64, or 7%, at $100.93.
Reuters LONDON- Oil rose above $100 a barrel in a volatile session on Wednesday, finding support from supply concerns and easing worries about slowing Chinese demand, while signs of progress in Russia-Ukraine peace talks limited gains. Source: Reuters Three million barrels per day of Russian oil and products may not find their way to market beginning in April in the
CNBC Oil rose on Monday as a supply shortage and political tensions in Eastern Europe and the Middle East put prices on track for their biggest monthly gain in almost a year. Brent crude was up 77 cents, or 0.86%, at $90.80 per barrel. The front-month contract for March delivery expires later in the day. The most-active Brent contract, for
Reuters LONDON – Oil prices rose towards $81 a barrel on Friday after OPEC+ producers rebuffed a U.S. call to raise supply to cool the market, sticking to plans for a gradual increase in output after cuts made in the face of the coronavirus crisis. Brent crude rose 36 cents, or 0.45%, to $80.90 a barrel by 1358 GMT. U.S.
Reuters LONDON – Oil prices rose on Friday to trade 4% up on the week, buoyed by a global energy crunch that has helped gas prices to record highs and prompted China to demand increased coal production. Energy markets have tightened in the face of improved fuel demand as economic activity rebounds and coronavirus restrictions ease, with further pressure from
Reuters LONDON -Oil prices rose more than $1 on Thursday, supported by optimism about the pace of the economic recovery from the pandemic, a sharp decline in U.S. crude stocks and a weaker dollar. Brent crude was up $1.25, or 1.8%, at $72.84 a barrel by 1341 GMT and West Texas Intermediate (WTI) crude rose $1.39, or 2%, to $69.98.
Nasdaq TOKYO – Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with Tehran. Brent crude LCOc1 was up by 17 cents, or 0.2%, at $73.03 a barrel by 0347 GMT, having risen 0.2% on
Reuters NEW YORK – Oil prices surged up 3% on Thursday after news that OPEC+ reached a deal to gradually ease production cuts from May. Brent crude rose $1.94, or 3.1%, to $64.68 a barrel by 1:25 p.m. EST (1825 GMT). U.S. oil was up $2.10, or 3.6%, at $61.26 a barrel. OPEC+, which comprises the Organization of the Petroleum
Reuters LONDON – Oil prices rose on Monday, supported by optimism about COVID-19 vaccinations, a U.S. stimulus package and growing factory activity in Europe despite coronavirus restrictions. Brent crude was up 34 cents, or 0.5%, at $64.76 a barrel by 1448 GMT, and U.S. West Texas Intermediate (WTI) crude rose 13 cents, or 0.2%, to $61.63 a barrel. Both contracts
Reuters SINGAPORE – Oil prices edged up on Friday but traded in a tight range as demand concerns caused by new coronavirus variants and slow vaccine rollouts offset a cut in Saudi Arabian oil supply and falling U.S. oil inventories. Brent crude futures for March rose 60 cents, or 1.1%, to $56.13 a barrel by 1455 GMT. The Brent March
Reuters LONDON – Oil prices hit 11-month highs and were on track for a weekly gain on Friday, supported by Saudi Arabia’s pledge to cut output and a global stocks rally as investors looked beyond rising coronavirus cases. Brent crude climbed 88 cents, or 1.6%, to $55.26 a barrel by 1436 GMT, the highest since late February, and U.S. West
Reuters LONDON -Oil rose on Tuesday as the United States moved towards expanding pandemic aid payments, potentially spurring fuel demand and stimulating economic growth, which pushed investors to take on more risk. Brent crude was up 53 cents, or 1%, at $51.39 a barrel by 1440 GMT, while U.S. West Texas Intermediate (WTI) crude futures added 52 cents, or 1.1%,
