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Brent Crude

Oil jumps 1% after Houthis attack on fuel tanker in Red Sea

Oil jumps 1% after Houthis attack on fuel tanker in Red Sea

Mon, Jan 29, 2024

Brent crude oil price news: Brent crude futures climbed 83 cents to $84.38 a barrel by 2341 GMT after hitting a session-high of $84.80. U.S. West Texas Intermediate crude rose 78 cents to $78.79 a barrel.

Oil prices ease in early trading; set to post weekly gains

Oil prices ease in early trading; set to post weekly gains

Fri, Jan 26, 2024

Brent crude futures eased 32 cents, or 0.39 per cent, to $82.12 a barrel by 01:15 GMT. US West Texas Intermediate crude fell 41 cents, or 0.5 per cent, to $76.95.

Oil prices rise on big draw in US crude stocks, China stimulus hopes

Oil prices rise on big draw in US crude stocks, China stimulus hopes

Thu, Jan 25, 2024

Brent crude oil price news: The March contract for Brent crude gained 20 cents, 0.3 per cent, to $80.24 a barrel as at 0128 GMT. US West Texas Intermediate crude climbed 22 cents, or 0.3 per cent, to $75.31 a barrel.

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Oil prices fall over 1% as analysts say market still oversupplied

Oil prices fall over 1% as analysts say market still oversupplied

Tue, Aug 23, 2016

Oil prices fell over 1% on Tuesday, with Goldman Sachs warning that August's price rally had been overdone and that a proposed oil production freeze at current near-record levels would not help rein in an oversupplied market.

Oil prices fall on doubts producers can agree output restraint

Oil prices fall on doubts producers can agree output restraint

Wed, Aug 17, 2016

Oil prices fell away from five-week highs early on Wednesday, as analysts doubted possible producer talks to rein in ballooning oversupply would be successful.

Oil rises on hopes of Russia to talk to producers on stabilising prices

Oil rises on hopes of Russia to talk to producers on stabilising prices

Mon, Aug 15, 2016

On Monday, Russian Energy Minister Alexander Novak bolstered hopes that oil producing nations could take action to stabilise prices, telling a Saudi newspaper that his country was consulting with Saudi Arabia and other producers to achieve market stability.

Oil prices edge up on potential producer action to prop up market

Oil prices edge up on potential producer action to prop up market

Mon, Aug 15, 2016

Oil prices rose on Monday to fresh highs for the month of August, with the Brent benchmark gaining 11% since the start of the month, as speculation intensifies about potential producer action to support prices in an oversupplied market.

Oil falls on oversupply as calls for producer talks draw scepticism

Oil falls on oversupply as calls for producer talks draw scepticism

Wed, Aug 10, 2016

"Oil eased lower as another round of proposed production freeze talks by OPEC failed to excite investors," ANZ Bank said.

US crude oil settles below $40 per barrel for first time since April

US crude oil settles below $40 per barrel for first time since April

Wed, Aug 03, 2016

Oil prices edged up early on Wednesday, supported by a weaker dollar, but US crude futures remained below $40 per barrel and Brent was below $42 as ongoing fuel oversupply and stuttering economic growth weighed on markets.

Asian markets steady, Turkish lira cuts losses

Asian markets steady, Turkish lira cuts losses

Mon, Jul 18, 2016

Asian markets opened steady on Monday as the the U.S. dollar gained on the yen in Asia.

Oil dips back below $50 on economic worries

Oil dips back below $50 on economic worries

Tue, Jul 05, 2016

"The deterioration in the global economic outlook, financial market uncertainty and ripple effects on key areas of oil demand growth are likely to exacerbate already-lacklustre industrial demand growth trends," Barclays said in a report.

Oil prices fall for first time in three days after easing of concerns on Brexit

Oil prices fall for first time in three days after easing of concerns on Brexit

Tue, Jun 21, 2016

Brent crude futures' August front-month contract was down 31 cents at $50.34 a barrel.

Crude oil climbs as Brexit risks ease

Crude oil climbs as Brexit risks ease

Mon, Jun 20, 2016

Oil extended gains in Asian trading on Monday as a weaker dollar and easing worries over Britain's possible exit from the European Union (EU) helped support crude.

Crude oil surges for first time in seven days

Crude oil surges for first time in seven days

Fri, Jun 17, 2016

Crude oil prices rose in early Asian trade on Friday for the first time in seven days as markets took a breather from concerns about the impact of Britain's possible exit from the European Union (EU).

International oil markets to balance out by end of 2016: IEA

International oil markets to balance out by end of 2016: IEA

Tue, Jun 14, 2016

A huge overhang in oil stocks lingering across the world will keep a cap on any further oil price rises, the IEA said on Tuesday, even as supply and demand move towards balance by the end of the year.

Asian shares at five-week high after cautious Janet Yellen speech

Asian shares at five-week high after cautious Janet Yellen speech

Tue, Jun 07, 2016

Asian shares hit a five-week high on Tuesday after the US Federal Reserve Chair Janet Yellen said the interest rate hikes are likely on the way, held back any reference to the timing.

Oil prices will keep recovering, says Saudi Arabia's new energy minister

Oil prices will keep recovering, says Saudi Arabia's new energy minister

Thu, Jun 02, 2016

"Everybody is very satisfied with the market. The market is rebalancing as we speak," said Khaled al-Falih, newly appointed by the kingdom's powerful and dynamic new crown prince.

Brent oil pushes above $50 for first time in nearly seven months

Brent oil pushes above $50 for first time in nearly seven months

Thu, May 26, 2016

U.S. crude stocks fell 4.2 million barrels to 537.1 million in the week to May 20, the steepest weekly drop in seven weeks, the U.S. Department of Energy`s Energy Information Administration said on Wednesday.

Asian shares near 10-week lows; dollar bounces on US Fed rate view

Asian shares near 10-week lows; dollar bounces on US Fed rate view

Tue, May 24, 2016

MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.4%, taking its losses to nearly 5% so far this month and nearing its lowest levels since March 9.

Oil prices little changed as dollar gains, US drawdown seen

Oil prices little changed as dollar gains, US drawdown seen

Tue, May 24, 2016

The US commercial crude oil stocks fell by around 2.5 million barrels to 538.8 million in the week ended May 20, a preliminary Reuters analysts' poll taken ahead of weekly industry and official inventory data showed on Monday.

Asian oil prices slip on strong dollar, firm global supplies

Asian oil prices slip on strong dollar, firm global supplies

Mon, May 23, 2016

In a further sign of abundant supply, the number of rigs operated by US drillers was steady last week for the first time this year.

Oil nears $50; is the party over?

Oil nears $50; is the party over?

Wed, May 18, 2016

International Brent crude futures were trading at $49.36 per barrel at 0644 GMT, 8 cents above their last settlement. U.S. West Texas Intermediate crude futures were 11 cents higher at $48.42 a barrel.

Global oil supply glut to 'shrink dramatically' this year: IEA

Global oil supply glut to 'shrink dramatically' this year: IEA

Thu, May 12, 2016

A global oil glut that has sent prices tumbling is set to "shrink dramatically" later this year, as wildfires have disrupted Canada`s output and demand in India soars, the International Energy Agency (IEA) said Thursday.

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