On Thursday, after tumbling almost 5% overnight on growing crude stockpiles, oil prices recovered. Petroleum products such as U.S. Crude Oil WTI Futures soared 3.1% to $52.69. International Brent Oil Futures also grew by 2.9% to $57.88. Today, oil prices were backed by reports of possible producer actions to bolster oil markets. A news report said the world’s top …
Petroleum Products and Gold Prices Slump on Global Trading Read More »
Petroleum and oil products slump as traders focus on the escalating conflict between the United States and China. United States crude oil future went down 0.95 percent or 0.53 points in Monday’s trading sessions. Spot crude oil prices are currently selling at 55.13 US dollars. The US crude opened at 55.29 US dollars, slightly lower …
Petroleum and Oil Prices Decline as China Retaliates Read More »
Crude oil prices inched up after the report from the weekly US stockpile was released. The data showed a drop far more than what analysts expected. The US West Texas Intermediate crude oil futures rose 1.05 percent or 0.61 points in Wednesday’s trading sessions. A barrel of the US crude currently sells at 58.60 US …
Crude Oil Gains After the Weekly US Inventory Data | Wibest Read More »
Petroleum and crude oil prices inched down on Monday’s trading session as oil traders and investors worry about the global economic outlook. The weekend talks between Tehran and other global powers concluded on positive grounds. The outcome of Iran’s meeting gave hints of easing tensions in the Gulf to the oil market. The United States …
Oil prices held on to their gains on Friday, thanks to the fall in US oil inventory report. For figures, US Crude Oil WTI Futures gained 0.3% to $56.21. Meanwhile, benchmark Brent Oil Futures crept 0.1% higher, trading at $63.45. Looking at the bigger picture, WTI is 23% higher so far this year. Brent has …
Oil Gains on Lower Inventory Report| WibestBroker Read More »
Crude oil and petroleum prices made a recovery in today’s trading session. Both US WTI crude oil and Brent oil futures took a dip in the earlier half of the day. Prices fell due to traders who say that Hurricane Barry caused supplies to fall. An analyst suggests that the weekly crude stockpile draw came …
Oil and petroleum prices recovered in Wednesday’s session. Oil futures are now trading in positive territories. The US WTI crude oil futures inched up 0.24 points or 0.42%. Commodities analysts and crude oil traders expected a slow and steady recovery. Crude oil barrels ranged from 56.86 US dollars to 57.27 US dollars in sessions. The …
Crude Oil Prices Slowly Recover as Tensions Rise Read More »
Crude oil and petroleum futures were seen in the trading flat in today’s session. The oil market continues to weigh on geopolitical tensions in the Middle East and the slowing demand. Brent oil futures, the benchmark for crude oil prices at the Atlantic, went down a mere 0.49 points or 0.79%. Brent oil prices reached …
Petroleum and Oil Prices trades flat in Wednesday’s session Read More »
Oil and petroleum prices have erased all signs of losses after gaining as Iran keeps oil traders on their feet. Crude oil WTI futures have risen 1.76% or 0.98 points. Prices of the light sweet crude oil in today’s trading range from $55.57 to $57.02. Crude oil barrels currently trade at $56.35 compared to its …
Oil and Petroleum Prices Rally as Iran Keep Tensions High Read More »
Oil and petroleum prices went down in Thursday’s trading over the news of possible trade talks between Tehran and Washington. Crude oil WTI futures lost 0.39% or 0.22 points in the session. A barrel of the average oil costs around 56.56 US dollars, compared to its opening price of 56.55 US dollars and its previous …
Oil and Petroleum Prices Slip Over Possible US-Iran Talks Read More »
Oil and petroleum products are expected to move upward following the resumption of production in the US Gulf of Mexico. In the previous days, oil and petroleum production in Louisiana and the near region temporarily halted production in preparation for Hurricane Barry. Oil futures shortly declined during the storm. Producers are now restoring output, oil …
Oil and Petroleum Prices Inches Up After Hurricane Barry Read More »
Oil and Petroleum prices fall after the IEA or International Energy Agency said that they expect a rise in oil supplies by 2020. The Organization of Petroleum Exporting Countries, otherwise known as OPEC, has agreed during their meeting in Vienna, Austria to cut production until March 2020. The United States Crude Oil WTI futures declined …
Crude Oil and Petroleum Prices Slips Against OPEC’s Cuts Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDZAR The pair is trading lower and approaching a solid support line, which, if it breaks it, will probably become a resistance line. On the daily charts, the 50- and 200-day moving average are …
The Federal Reserve rate cut expectations went low, dragging the gold price with a sharp fall. Click here now! – Wibest Broker
On Thursday in Asia, as traders weighed gains in stock markets and expected a potential rate cut by the U.S. Federal Reserve occurred, gold prices were a little moved. The Comex division of the New York Mercantile Exchange traded gold futures for August delivery at $1,421.7 a troy ounce, higher 0.06%. Closing record highs overnight, …
US Fed: After Kicking 1-week high, Gold Prices Stable Read More »
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