(Investing) – LONDON – Oil prices were steady on Friday, supported by stalled Ukraine peace talks, though gains were offset by expectations of a supply glut. Brent crude was down 7 cents, or 0.1%, to $63.19 per barrel by 1255 GMT. U.S. West Texas Intermediate dipped 10 cents, or 0.2%, to $59.57 a barrel. For the week, Brent was largely stable and
(Investing) – Oil prices ticked higher on Monday, bolstered by OPEC+’s reaffirmation that it will hold output steady during the first quarter, as well as renewed supply concerns stemming from geopolitical tensions. Get the latest updates and insights on the biggest market-moving stories by upgrading to InvestingPro – get 60% off today. As of 08:20 ET (13:20 GMT), Brent oil futures expiring in March
(Investing) – Oil prices traded in a steady manner Wednesday, stabilizing after the previous session’s sharp losses, as investors weighed a smaller-than-expected draw in U.S. crude inventories and growing signs of progress toward a potential Russia-Ukraine peace framework. At 04:15 ET (09:15 GMT), Brent Oil Futures expiring in January edged up 0.1% to $61.83 per barrel and West Texas Intermediate (WTI) crude futures slipped 0.2%
(Investing) – Oil prices edged marginally higher Monday, steadying after last week’s sharp losses as markets weighed the prospects of a potential peace deal in Ukraine. At 07:50 ET (12:50 GMT), Brent Oil Futures expiring in January edged up 0.2% to $62.08 per barrel, while West Texas Intermediate (WTI) crude futures rose 0.7% to $58.20 per barrel. Both contracts recorded losses of nearly
(Investing)– Oil prices edged up on Thursday after falling in the previous session, boosted by a bigger than expected draw in U.S. crude stockpiles and a broader equities rally. Brent crude futures were up 43 cents, or 0.7%, at $63.94 a barrel by 1400 GMT. U.S. West Texas Intermediate crude futures gained 42 cents, or 0.7%, to $59.86. Both benchmarks rebounded
(Investing) – LONDON-Oil prices fell sharply on Wednesday after a report of a U.S. proposal to end the Russian war in Ukraine and as oversupply concerns continued to weigh on prices. Brent crude futures fell $1.72, or 2.65%, to $63.17 a barrel by 1421 GMT after gaining 1.1% the previous session. U.S. West Texas Intermediate crude futures were down $1.65, or 2.72%,
(Investing)– Oil prices rose on Tuesday due to the impact of the latest U.S. sanctions on Russian oil, although oversupply concerns limited gains. Brent crude futures were up 67 cents, or 1.1%, to $64.73 a barrel at 1333 GMT. U.S. West Texas Intermediate crude was at $60.78 a barrel, up 65 cents, or 1.1%. Investors continue to assess the fallout from
(Investing)– Oil prices rose Thursday, rebounding after logging sharp losses in recent sessions as expectations of a supply glut and softening demand presented a weak outlook for crude. At 04:45 ET (09:45 GMT), Brent oil futures for January rose 0.7% to $63.98 a barrel and West Texas Intermediate crude futures gained 0.9% to $60.15 a barrel. Both contracts slid some 1% each on Wednesday,
(Investing) – LONDON -Oil prices eased on Wednesday as investors digested weaker economic data from top oil importers, but an expected drop in U.S. fuel inventories limited further losses. Brent crude futures were down 37 cents, or 0.6%, at $64.07 a barrel by 1419 GMT, while U.S. West Texas Intermediate crude was 43 cents, or 0.7%, lower at $60.13. Oil prices followed
(Oil Price) – OPEC+ just agreed to boost oil production for another month. Luckily for U.S. shale, they also decided to pause the hikes, which would help the shale industry dodge the bullet of WTI of $50. This is good news for an impressively resilient industry, because its resilience seems to taper out around $50 per barrel. This weekend, the OPEC+ group said
(Investing)– Oil prices fell more than 1% on Tuesday as the OPEC+ decision to pause output hikes in the first quarter of next year, along with weak manufacturing data and a stronger dollar, weighed on the market. Brent crude futures fell 81 cents, or 1.25%, to $64.08 a barrel by 1310 GMT. U.S. West Texas Intermediate crude was down 84 cents,
(Oil Price)- Weak factory activity in China, a stronger U.S. dollar, and reports that OPEC+ is going to add more barrels to production in December have combined to push oil prices lower, setting them on a course to their third monthly decline in a row. At the time of writing, Brent crude was trading at $64.61 per barrel, with West Texas Intermediate at $60.16
