Search Results for: Brent oil
Brent crude oil prices dip on prospect of record Saudi output
August 18th, 2016
Oil prices dipped in early trading on Thursday as the prospect of record Saudi output weighed on markets and as traders cashed in on profits following an almost uninterrupted price rally this month of nearly 20 percent. International Brent ...
Kuwait oil strike to support Brent, Dubai, reduce fuel exports -analysts
April 18th, 2016
Kuwait oil outage supports Brent, Dubai Fuel exports to fall as Kuwait cuts refinery output A workers’ strike in Kuwait that has cut its crude output by more than 60 percent could support oil price benchmarks Brent and Dubai, ...
Brent crude and WTI: Oil prices waver as Iran casts doubt on production cut deal
February 17th, 2016
Oil prices wavered this morning, dipping in and out of the red, as speculation swirled around oil markets over whether a deal between Saudi Arabia and Russia to freeze output at January levels would lead to a broader production ...
Brent crude and WTI: Oil prices jump on renewed Opec deal chatter – but analysts aren’t convinced
February 12th, 2016
Crude prices jumped today as renewed chatter about a possible production cut deal swirled around oil markets. Brent crude, the global benchmark, jumped four per cent to $31.26 per barrel. Meanwhile, West Texas Intermediate, the US benchmarked, added 3.8 per ...
Brent Crude Falls; Oil Prices End at Nearly Seven-Year Lows
December 9th, 2015
Prices hit fresh seven-year lows on expectations that U.S. crude inventories rose Brent crude dipped below $40 a barrel Tuesday in a selloff that has raised a worrisome possibility: that oil prices could be even lower next year than ...
Brent down; U.S. oil up on stock, rig data in thin Thanksgiving trade
November 26th, 2015
Brent crude oil futures eased but U.S. crude extended gains on Thursday on light trading due to the Thanksgiving holiday, after a smaller-than-expected inventory build in the United States and a fall in the number of U.S. rigs actively ...
U.S. oil extends gains on stock-draw, Brent lags with Asian economies
September 16th, 2015
U.S. oil prices extended gains in Asia on Wednesday on an unexpected stockpile draw and higher gasoline prices, while international crude markets were weaker on the back of low Asian economic growth expectations. Front-month U.S. West Texas Intermediate (WTI) ...
Oil hovers near multi-month lows, Brent below $50
August 6th, 2015
Oil hovered near multi-month lows on Thursday with Brent under $50 a barrel after investors sold crude on worries about rising U.S. gasoline inventories as peak summer demand comes to an end. Gasoline stocks in the United States rose ...
Brent rises above $50 ahead of U.S. oil stocks data
August 5th, 2015
Benchmark Brent crude oil prices rose above a key support level of $50 on Wednesday, recovering from multi-month lows, as investors await U.S. oil inventories data to gauge supply. Oil markets paused for a breather after prices tumbled about ...
Oil giant BP predicts Opec comeback as Brent crude price rises
February 18th, 2015
Saudi Arabia and its fellow Opec members are set to make a massive comeback and regain control of the world’s crude oil market, and could be in their previous position of influence as early as next year. The prediction, published by oil giant BP yesterday, ...
