Brent

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Oil gains ahead of OPEC+ meeting

Oil gains ahead of OPEC+ meeting

Oil prices climbed on Friday on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, though fears of China's COVID-19 curbs and weak global growth continued to limit gains and a potential cap on the price of Russian exports …

Oil prices climb 1% as U.S. fuel inventories fall

Oil prices climb 1% as U.S. fuel inventories fall

Oil prices recovered slightly on Wednesday as data pointed to firm U.S. fuel demand, providing respite after a 5% drop a day earlier on fears that demand will suffer from increased China COVID curbs and central bank interest rate hikes. …

Oil edges down as inflation expected to impact fuel demand

Oil edges down as inflation expected to impact fuel demand

Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rates hikes from central banks may lead to a global economic slowdown and soften fuel demand. Brent crude …

Oil rises on prospect of OPEC supply cut, demand growth

Oil rises on prospect of OPEC supply cut, demand growth

Oil prices rose 1% on Monday, as expectations that OPEC would cut output if needed to support prices, coupled with conflict in Libya and rising demand amid soaring natural gas prices in Europe, helped offset a dire outlook for U.S. growth. …

Oil prices rise on potential OPEC+ supply cuts

Oil prices rise on potential OPEC+ supply cuts

Oil prices rose on Thursday on mounting supply tightness concerns, the potential for major producers to cut output, and the partial shutdown of a U.S. refinery. Brent crude rose 45 cents, or 0.4%, to $101.67 a barrel by 0630 GMT, while …

Brent oil surpasses $101 per barrel first time since August 3

Brent oil surpasses $101 per barrel first time since August 3

The price of futures contract for Brent crude oil with October delivery exceeded $101 per barrel on London’s ICE for the first time since August 3. As of 11:12 Moscow time, the price of Brent reached $101.18 per barrel (+0.96%). …

Brent crude oil back above $100

Brent crude oil back above $100

Oil prices were little changed on Wednesday as the market grappled with supply concerns amid the sanctioning of Russian shipments and the initial shock of comments that major producers would cut output wore off. Brent crude futures for …

Oil climbs as Saudi Arabia warns of OPEC output cuts

Oil climbs as Saudi Arabia warns of OPEC output cuts

Oil rose on Tuesday as renewed concerns over tight supply dominated market sentiment after Saudi Arabia warned that the major oil producer could cut output to correct a recent oil price decline. Brent crude gained 42 cents, or 0.4%, to …

Oil prices edge up from 6-month lows

Oil prices edge up from 6-month lows

Oil prices rose on Wednesday, recovering from six-month lows hit the previous day, as a larger-than-expected drop in U.S. oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by the prospect of a global …

Oil slips as U.S. crude stockpiles rise

Oil slips as U.S. crude stockpiles rise

Oil prices fell on Wednesday ahead of a key U.S. report on inflation and after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand. Brent crude futures fell 74 cents, or 0.8%, …

Brent crude oil price below $94 per barrel

Brent crude oil price below $94 per barrel

The price of futures contracts of Brent crude oil for October 2022 delivery decreased below $94 per barrel on London's ICE on Thursday for the first time since February 21, 2022, according to trading data. As of 6:22 pm Moscow …

Brent falls below $95 a barrel

Brent falls below $95 a barrel

According to the trading data, world oil prices continue falling. Thus, by 16:56 (Moscow time) the cost of September Brent North Sea oil mixture futures fell to $95.64 per barrel (a 3.99% drop). A few minutes earlier, Brent fell to …

Oil price drops below $100

Oil price drops below $100

Oil prices fell on Thursday as investors weighed tight supplies against the prospect of a large U.S. rate hike that could stem inflation and curb crude demand. Brent crude futures for September were down 18 cents to $99.39 a barrel at …

Brent rises in price by more than 5%

Brent rises in price by more than 5%

The cost of September for North Sea Brent crude oil futures approached $106 per barrel, according to data from the London ICI exchange. By 17:39 (Moscow time) Brent reached $105.8 per barrel (an 5.09% increase). At the same …

Brent bounces above $101/bbl as focus returns to supplies

Brent bounces above $101/bbl as focus returns to supplies

Oil prices regained a footing on Thursday from steep falls in the previous two sessions, as investors returned their focus to tight supplies even as fears persisted over the demand outlook amid risks of a global recession. Brent crude …

Oil prices bounce back from Tuesday tumble

Oil prices bounce back from Tuesday tumble

Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession …

Brent falls below $107 a barrel

Brent falls below $107 a barrel

According to the trading data on the London Stock Exchange ICE, the price of September futures for North Sea Brent crude oil fell below $107 per barrel.  So, by 16:35 (Moscow time) Brent fell to $106.91 per barrel (a drop of …

Brent oil slides below $111 per bbl

Brent oil slides below $111 per bbl

The price of Brent oil futures with delivery in August 2022 declined by over 3.5% to less than $111 per barrel on the London-based ICE on Wednesday, for the first time since May 20, according to trading data. As of 05:05 Moscow time, …

Oil prices edge higher

Oil prices edge higher

Oil prices made gains on Wednesday, rebounding from losses earlier in the session amid concerns over fuel demand and the broader economy ahead of an expected big hike in interest rates by the U.S. Federal Reserve. In volatile trading …