(BOE Report)– Oil prices ticked down on Friday and were set to close lower for a second straight week, as rising prospects of a Russia-Ukraine peace deal offset concerns over supply disruptions from a blockade of Venezuelan oil tankers. Brent crude futures fell 9 cents, or 0.2%, to $59.73 a barrel by 0456 GMT, and U.S. West Texas Intermediate crude
(Oil Price)– The international gold and foreign exchange reserves held by the world’s biggest oil-producing nations in the EU could be at risk, Russian President Vladimir Putin said on Friday, after EU leaders discussed using frozen Russian assets to help Ukraine. “This is not just a blow to its image; it is an undermining of trust in the euro zone,” Putin
(BOE Report)– The United States is preparing a further round of sanctions on Russia’s energy sector to increase the pressure on Moscow should President Vladimir Putin reject a peace deal with Ukraine, Bloomberg News reported on Wednesday, citing people familiar with the matter. The U.S. is considering options such as targeting vessels in Russia’s so-called shadow fleet of tankers used
(Investing)– Oil prices fell below $60 a barrel on Tuesday, the lowest since May, as prospects for a Russia-Ukraine peace deal appeared to strengthen, raising expectations sanctions could be eased. Brent crude futures fell $1.03, or around 1.7%, to $59.53 a barrel at 1340 GMT, while U.S. West Texas Intermediate crude was trading at $55.76, down $1.06, or 1.9%. “Brent has dropped this
(Investing)– Oil prices slipped slightly lower Monday, adding to the previous week’s sharp losses as concerns over a global supply glut and weak demand outlook continued to dominate market sentiment. At 06:05 ET (11:05 GMT), Brent Oil Futures expiring in February fell 0.2% to $61.02 per barrel and West Texas Intermediate (WTI) crude futures dropped 0.2% to $57.15 per barrel. Last week
(BOE Report) – Oil prices rose on Friday supported by concerns of Venezuelan supply disruptions, though they remained on track for a weekly drop amid cautious market sentiment and optimism over the prospects for a Russia-Ukraine peace deal. Brent crude futures rose 43 cents, or 0.70%, to $61.71 a barrel by 0352 GMT, and U.S. West Texas Intermediate crude was
