press enter »
placeholder
placeholder

Oil Prices Down 5% on Year Amid Supply Worries

Oil Prices Down 5% on Year Amid Supply Worries

West Texas Intermediate (WTI), the US crude benchmark, settled down 96 cents, or 1.6%, at a five-week low of $58.08 per barrel on Monday, continuing its slide after the United States and Iran moved away from an outright war last week despite Tehran firing missiles at US airbases in Iraq. Brent, the global benchmark for crude, closed down 78 cents,

Oil Prices Turn Negative as Supply Worries Overcome Initial US-Iran Tensions

Oil Prices Turn Negative as Supply Worries Overcome Initial US-Iran Tensions

Brent, the global benchmark for crude, was down 65 cents, or 1 per cent, at $64.33 per barrel by 11:37 a.m. EST (15:37 GMT), continuing its slide from the middle of last week when the United States and Iran moved away from an outright war after Tehran fired missiles at US airbases in Iraq. West Texas Intermediate (WTI), the US crude benchmark, was

Oil falls 1% as focus shifts to high U.S. fuel stocks

Oil falls 1% as focus shifts to high U.S. fuel stocks

HOUSTON (Reuters) - Oil prices fell about 1% on Monday as Middle East tensions eased and investors turned their focus to lackluster seasonal demand following last week’s bearish U.S. report showing a large fuel stockbuilds. Brent crude LCOc1 was down 60 cents at $64.38 per barrel at 11:57 a.m. CST (1757 GMT), while West Texas Intermediate (WTI) crude

Oil falls 1% as Mideast tensions ease, U.S. gasoline stocks weigh

Oil falls 1% as Mideast tensions ease, U.S. gasoline stocks weigh

HOUSTON (Reuters) - Oil prices fell about 1% on Monday as Middle East tensions eased and investors turned their focus to lackluster seasonal demand following a bearish U.S. report last week showing a large gasoline stockbuild. Brent crude LCOc1 was down 64 cents at $64.34 per barrel at 9:59 a.m. CST (1559 GMT), while West Texas Intermediate (WTI) crude

Oil steady as U.S.-Iran tensions ease, trade deal details elusive

Oil steady as U.S.-Iran tensions ease, trade deal details elusive

LONDON (Reuters) - Oil prices steadied on Monday as investors shifted their focus away from easing Mideast tensions to this week’s scheduled signing of an initial U.S.-China trade deal whose details remain to be seen. Brent crude LCOc1 was up 3 cents at $65.01 per barrel at 1320 GMT, while West Texas Intermediate (WTI) crude CLc1 was up 6 cents at

Oil steady as U.S.-Iran conflict eases, trade deal details elusive

Oil steady as U.S.-Iran conflict eases, trade deal details elusive

LONDON (Reuters) - Oil prices dipped slightly on Monday as investors shift their focus away from easing Mideast tensions to this week’s scheduled signing of an initial U.S.-China trade deal whose details remain to be seen. Brent crude LCOc1 was down 15 cents at $64.83 per barrel at 1150 GMT, while West Texas Intermediate (WTI) crude CLc1 was down 8

Oil rises as U.S.-Iran conflict eases, focus turns to trade deal

Oil rises as U.S.-Iran conflict eases, focus turns to trade deal

LONDON (Reuters) - Oil prices rose slightly on Monday as investors shift their focus away from easing Mideast tensions to this week’s scheduled signing of an initial U.S.-China trade deal which could boost economic growth and demand. Brent crude LCOc1 was up 20 cents at $65.18 per barrel at 0946 GMT, while West Texas Intermediate (WTI) crude CLc1 was

Oil steady as fears over U.S.-Iran conflict ease, focus turns to trade deal

Oil steady as fears over U.S.-Iran conflict ease, focus turns to trade deal

SEOUL (Reuters) - Oil prices held steady on Monday as fears of conflict between the United States and Iran eased, with investors shifting their focus to this week’s scheduled signing of an initial U.S.-China trade deal, which could boost economic growth and demand. Brent crude LCOc1 was up 1 cents at $64.99 per barrel at 0737 GMT, while West Texas

Oil steady on easing U.S.-Iran tensions, eyes on China trade deal

Oil steady on easing U.S.-Iran tensions, eyes on China trade deal

SEOUL (Reuters) - Oil prices held steady on Monday as fears of conflict between the United States and Iran eased, with investors shifting their focus to this week’s scheduled signing of an initial U.S.-China trade deal, which could boost economic growth and demand. Brent crude LCOc1 was down 2 cents at $64.96 per barrel at 0438 GMT, while West Texas

Oil dips on easing U.S.-Iran tensions, eyes on China trade deal

Oil dips on easing U.S.-Iran tensions, eyes on China trade deal

SEOUL (Reuters) - Oil prices edged down on Monday as fears of conflict between the United States and Iran eased, although the decline was checked by the planned signing of an initial U.S.-China trade deal this week, which could boost demand. Brent crude LCOc1 was down 13 cents, or 0.2%, at $64.85 per barrel at 0120 GMT. WTI was also down 9 cents, or