Saturday, 29 February 2020

Tag Archives: oil prices

Oil prices hit highest in 3 months

LONDON: Oil prices extended gains on Friday, scaling three-month highs as the United States and China moved closer to a resolution to the 18-month trade war between the world’s two biggest economies that has raised big questions about global demand for crude. Brent futures climbed 43 cents, or 0.7%, to ...

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Oil prices jump nearly 4% over attack on oil tankers

LONDON: The benchmark Brent Crude logged a steep jump of nearly 4 per cent over reports of attack on oil tankers in the Gulf of Oman. At 5.28 p.m., Brent was trading at $62.30 per barrel, or 3.89 per cent higher. The benchmark crude prices have remained flat for most ...

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Iran warns any clash in Gulf would push oil prices above $100

LONDON: US military vessels in the Gulf are within range of Iranian missiles, a top military aide to Iran’s Supreme Leader Ayatollah Ali Khamenei said on Sunday, warning any clash between the two countries would push oil prices above $100 a barrel. Iran and the United States have been drawn ...

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Oil prices slip as U.S. crude output nears 12 million bpd

SINGAPORE: Oil prices fell as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $51.92 per barrel at 0752 GMT, down 39 cents, or 0.8 percent, from their last settlement. ...

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Oil prices collapse as glut fear triggers heavy selling

LONDON: Oil prices slumped to lows not seen since last year as concerns over high crude supplies triggered massive selling, dealers said. The WTI futures contract, the New York commodities markets’ benchmark, and its European counterpart Brent Crude both fell more than six per cent on the day. High global ...

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Opec agrees first output cut since 2008

VIENNA: The Opec oil cartel defied expectations on Wednesday and nailed down its first joint output cut since 2008 after tough talks in Vienna, sending oil prices soaring. At 1622 GMT Brent North Sea crude for January delivery was up $3.77 at $50.15, the first time it has risen above ...

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