Oil prices remain close to highest levels in months In trading on Friday, oil prices were mixed but remained close to their highest levels in months after OPEC announced participants in its supply cut pact may wait until January to decide if they will extend the deal beyond March. Benchmark Brent closed up 43 cents […]
OPEC defers deal extension decision, oil prices up Read More »
Oil prices up 15 per cent in last three months Oil prices mostly held steady on Thursday as investors and traders wait to see if participants in the OPEC supply cut pact will agree to extend the deal that is set to expire in March. By 1:19 p.m. EDT, Brent crude was up six cents
Oil prices mixed ahead of OPEC meeting on Friday Read More »
Oil prices on course for a rise of 15.5 per cent this quarter Oil prices were up almost 2 per cent on Wednesday and are on course for their largest third-quarter gain in since 2004 after Iraq’s oil minister said participants in the OPEC supply cut pact are considering extending or even deepening output cuts.
Oil prices on target for largest Q3 gain in 13 years Read More »
Oil prices buoyed by OPEC talks Friday Oil prices retreated from their near five-month highs on Tuesday as investors await data expected that is to show an increase in US crude stocks in the wake of Hurricane Harvey. By 1:47 p.m. EDT, benchmark Brent crude had fallen by 55 cents to $54.93/barrel and US WTI
Oil prices dip on expected crude stocks increase Read More »
IEA official says not impossible to see a return to high oil prices On Monday, US crude oil prices hovered around $50 per barrel even though traders were bracing for reports of a build up of crude stocks expected later this week due to a slow return to operations at a number of US Gulf
Oil prices mixed, IEA official says price volatility set to return Read More »
Oil prices down slightly Friday Oil prices remained close to five-month highs in Friday trading and were on track for their largest weekly gain since late July after the International Energy Agency forecast rising crude demand and refineries shuttered by Hurricane Harvey slowly come back online. Benchmark Brent crude way down by 10 cents to
Oil prices near five-month high on IEA report, refineries restart Read More »
Oil prices briefly touch five-month high Oil prices rose on Thursday, one day after the International Energy Agency released its report forecasting a tighter crude market due to increased demand. By 2:25 p.m. EDT, Brent crude was up by 35 cents to $55.51/barrel, after touching a five-month high of $55.99 earlier in the session. US
Oil prices up on tighter oil market, increased demand Read More »
Oil prices up slightly Tuesday Oil prices rose slightly in trading on Tuesday after OPEC released its forecast for 2018 crude use showing higher demand next year. The cartel also reported its output fell in August. The monthly report from OPEC said Hurricanes Harvey and Irma will have “negligible” impact on oil demand. By 1:57
Oil prices up on OPEC 2018 demand estimates, lower output Read More »
Possible OPEC deal extension helps prop up oil prices Oil prices were mixed in trading on Monday as investors weighed the impact of Hurricane Irma on energy demand in Florida and the extent of damage to oil refineries located on the US Gulf Coast caused by Hurricane Harvey in late August. By 1:43 p.m. EDT,
Oil prices mixed as Harvey, Irma impacts still being assessed Read More »
Oil prices up on signs of market rebalancing Oil prices rose slightly on Thursday despite data from the United States Energy Information Administration showing an increase in US crude stocks. Benchmark Brent crude was up by 11 cents to $54.31/barrel by 12:55 p.m. EDT and US WTI was down 11 cents to $49.05/barrel. According to
Oil prices mixed after Harvey, now Hurricanes Irma, Jose set to batter demand Read More »
