Browsing: Crude Oil

Driven by output growth in Nigeria and others, total crude oil production of the Organization of Petroleum Exporting Countries

Amidst an unsteady global demand, crude oil prices climbed after pressures witnessed in the recent past weeks.

Oil Prices Trend Below $75 over Lingering Demand Risk Crude oil prices are trading below $75 amidst lingering demand risk.…

Brent crude oil price rose moderately midweek while West Texas Intermediate (WTI) slumped further following a significant price slump on Tuesday amidst conflict in the Middle East.

Oil prices slumped to a 10-week low on Tuesday due to stronger US dollar worsening energy costs while a weak macro sentiment outweigh more positive data from China.

Oil prices increased as Saudi Arabia and Russia tightened supply with voluntary production cuts. ICE Brent price rose 0.86% on Monday to $85.62 per barrel from the closing price of $84.89 a barrel in the previous trading session on Friday.

Troops of “Operation Delta Safe’’ uncovered and destroyed 96 illegal refining sites and apprehended 57 suspected oil thieves in the Niger Delta in the last one week.

Prices of crude oil increased as the US dollar weakened after the Fed’s decision to keep rates. Brent crude is up 0.6% at $87.34 a barrel while West Texas Intermediate is 0.7% higher at $83.07 a barrel.

Oil prices climbed as the US Federal Reserve maintained the status quo on funds rates, while the dollar index strengthened against a basket of currency.

Oil prices increased ahead of the US Federal Reserve (Fed) meeting. Brent crude traded at $85.72 per barrel, a 0.82% increase from the closing price of $85.02 a barrel in the previous trading session on Tuesday.