Energy Financial

Oil prices mixed in trading Oil prices prices hit their highest mark since mid-2015, but then dipped slightly on Wednesday after data from the US Energy Information Administration showed a smaller-than-expected draw on US crude stocks. By 1:26 p.m. EDT, benchmark Brent was down 25 cents to $60.69/barrel and US WTI had risen by 1

US shale output could keep a lid on oil prices Building on last week’s gains, oil prices rose slightly in trading on Tuesday on confidence that the OPEC supply cut deal would be extended beyond its current deadline. As of 1:27 p.m. EDT, Brent crude was up by 16 cents to $60.75/barrel and US WTI

Oil prices up slightly Brent oil prices ended the session on Monday at its highest point since July 2015 and US crude hit a level not seen since February on expectations that OPEC will extend its supply cut pact. Benchmark Brent settled at $60.90/barrel, up 46 cents.  Over the past 16 trading days, Brent has

Oil prices rise over 2 per cent Oil prices rose on Friday after the top participants in the OPEC supply cut pact said they would support extending the deal and the US dollar fell from three-month peaks. After reaching an early session high of $60.08, the highest since July 2015, Brent sat at $60.03/barrel, up

Oil prices rise on Saudi comments Oil prices rose to an over two-year high on Thursday despite government data showing increased US crude stocks, production and exports.  Prices eclipsed near recent highs due to tightening crude markets and Saudi Arabia’s comments on extending the OPEC supply cut agreement. By the close of Thursday’s session, benchmark

Oil prices down, gasoline, heating oil futures up Oil prices fell slightly on Wednesday after data from the US Energy Information Administration showed a surprise increase in crude inventories last week. Brent crude dipped 23 cents to $57.94/barrel by 12:41 p.m. EDT and US WTI fell by 48 cents to $51.99/barrel.  The Canadian Crude Index

Oil prices up over 1 per cent Oil prices rose on Tuesday after Saudi Arabia’s energy minister said the kingdom is determined to end the global supply glut.  Prices were also buoyed by expectations of a drop in US crude stocks. Up by 96 cents, Brent topped the $58 mark and sat at $58.33/barrel by

Oil prices dip in see-saw trading Oil prices rose slightly in see-saw trading Friday on weak US demand, but prices were underpinned by a sharp decline in Iraqi crude exports and a falling US rig count. Benchmark Brent crude was up by 31 cents to $57.54/barrel by 2:18 p.m. EDT and US WTI crude rose

Oil prices down over 1 per cent After four days of gains, oil prices were down over 1 per cent on Thursday on larger-than-expected product inventories in the US and profit taking. Brent crude ended the day down 75 cents, or 1.6 per cent, landing at $57.23/barrel and US WTI fell by 7 cents to