By Aaron Sheldrick TOKYO (Reuters) – Oil rose to multi-week highs on Monday after OPEC indicated it would probably maintain production cuts that have helped support prices this year, while tension continued to escalate in the Middle East. Brent crude was up by 90 cents, or 1.3%, at $73.11 a barrel by 0604 GMT, having […]
By Noah Browning LONDON (Reuters) – The world will require very little extra oil from OPEC this year as booming U.S. output will offset falling exports from Iran and Venezuela, the International Energy Agency said on Wednesday. The IEA, which coordinates the energy policies of industrial nations, said Washington’s decision to end sanctions waivers that […]
By Shadia Nasralla LONDON (Reuters) – Oil prices fell on Thursday as an escalating trade battle between the United States and China outweighed upward pressure from a surprise decline in U.S. inventories of crude. Brent crude oil futures were at $69.72 a barrel by 0814 GMT, down 65 cents from their previous settlement and heading […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices were mixed on Tuesday, pressured by concerns that the escalating Sino-U.S. trade dispute could slow the global economy, while U.S. sanctions on crude exporters Iran and Venezuela helped keep the market on edge. Brent crude oil futures were at $71.12 per barrel at 0710 GMT, 12 cents, […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices tumbled on Monday after U.S. President Donald Trump said he would sharply hike tariffs on Chinese goods this week, risking the derailment of trade talks between the world’s two biggest economies. U.S. West Texas Intermediate (WTI) crude futures were at $60.57 per barrel at 0646 GMT on […]
By Shadia Nasralla LONDON (Reuters) – Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in inventories. Brent crude oil futures were at $71.57 per barrel at 0837 GMT, 61 cents below their last close. Brent is set for a weekly loss, which would break its longest […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices fell on Wednesday after a report showed a rise in U.S. crude inventories, but global markets remained tense amid an intensifying political crisis in Venezuela, tightening U.S. sanctions on Iran, and ongoing OPEC supply cuts. Brent crude oil futures were at $71.52 per barrel at 0652 GMT, […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Friday on expectations that producer club OPEC will soon raise output to make up for a decline in exports from Iran following a hardening of sanctions on Tehran by the United States. Still, prices are on course for the longest run of weekly gains in […]
By Henning Gloystein SINGAPORE (Reuters) – Brent crude oil on Thursday rose above $75 per barrel for the first time in 2019 in the wake of tightening sanctions on Iran, while gains in U.S. prices were crimped by a surge in U.S. supply. Brent crude futures rose to a 2019 high of $75.01 per barrel […]
By Shadia Nasralla LONDON (Reuters) – Oil prices fell on Wednesday after a report allayed concerns about tightening supply, ending a rally that took prices to their highest since early November on concerns that OPEC output cuts and sanctions would take too much oil out of the market. The International Energy Agency (IEA), a watchdog […]
