WTI

Oil slips more than 1%

Oil slips more than 1%

Oil prices dropped more than 1% on Thursday in a volatile week as economic concerns and recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe. Brent crude futures slipped $1.25, …

Oil prices up over proposed ban on Russian gas supplies

Oil prices up over proposed ban on Russian gas supplies

Oil prices increased on Thursday over the European Commission's proposal to ban Russian oil by the year end, although the more-than-expected rise in US crude stocks limited gains. International benchmark Brent crude cost …

Oil prices rebound after sharp losses

Oil prices rebound after sharp losses

Oil prices rebounded on Wednesday from sharp losses in the previous session as concerns about tighter supplies from Russia and Libya dominated, while industry data showed a drop in U.S. crude inventories last week. Brent crude futures …

Oil prices rise by 5%

Oil prices rise by 5%

According to the trading data, oil prices show a five percent increase. Thus, by 16:27 (Moscow time) the cost of June futures for North sea Brent oil mixture rose to $103.54 per barrel, gaining 5.14%. In turn, WTI rose to …

Brent oil price drops below $99

Brent oil price drops below $99

Oil prices dropped by $4 a barrel on Monday, with Brent crude tumbling below $100 on plans to release record volumes of crude and oil products from strategic stocks and on continuing coronavirus lockdowns in China. Brent crude for June …

Brent oil price drops below $100

Brent oil price drops below $100

Oil prices dropped below $100 a barrel after the International Energy Agency co-ordinated a second release from its emergency stockpile that will add 60 million barrels of crude to the market in addition to the millions of barrels …

Oil rises from 3-week low as tight supply concerns linger

Oil rises from 3-week low as tight supply concerns linger

Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, with worries over tight supply still clouding the market outlook. Brent …

Oil benchmarks on course for biggest weekly losses in 2 years

Oil benchmarks on course for biggest weekly losses in 2 years

Oil prices dipped in and out of negative territory on Friday ahead of a meeting of International Energy Agency (IEA) member nations set to discuss a release of emergency oil reserves alongside a huge planned release by the United States. …

Oil prices gain after U.S. move to ban Russian oil

Oil prices gain after U.S. move to ban Russian oil

Oil prices extended gains on Wednesday after the US announcement of an embargo on Russian energy imports, and the UK’s plan to phase out Russian gas supplies. International benchmark Brent crude was trading at $131.12 per barrel …

Brent oil reaches $119 per barrel for first time in 10 years

Brent oil reaches $119 per barrel for first time in 10 years

The price of a futures contract for Brent crude oil with May delivery on London’s ICE increased by 5.64% to $119.3 per barrel. As of 10:40 Moscow time, the price of Brent exceeded $119 per barrel and grew to $119.15 per barrel …

Brent oil price on ICE reaches $116

Brent oil price on ICE reaches $116

The price of futures contracts of Brent crude oil for May 2022 delivery gained 3.37% on London's ICE on Thursday, reaching $116.74 per barrel, according to trading data as of 05:49 am Moscow time. As of 05:54 am, the price of Brent …

Oil prices and dollar rate hit highest levels

Oil prices and dollar rate hit highest levels

The price of Brent crude oil futures contract with May delivery on London’s ICE exchange rose by 7.67% to $113.02 per barrel on Wednesday. As of 11:03 Moscow time, the price of Brent slowed down to $111.46 per barrel (+6.21%). The …

Oil soars as sanctions on Russia mount

Oil soars as sanctions on Russia mount

Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports. Brent crude rose $4.16, or 4.3%, to …

Brent oil price soars to $105

Brent oil price soars to $105

Oil surged above $105 a barrel for the first time since 2014. Brent crude rose 8.64%, to $105.21 a barrel at 13:21 (MSK), and U.S. West Texas Intermediate (WTI) crude jumped 7.68%, to $99.17 a barrel. OPEC+ meets on March 2 to …

Brent oil price nears $100

Brent oil price nears $100

Brent oil price surged close to $100 on Tuesday. Brent crude, the global benchmark, was up $3.38, or 3.5%, at $98.77 at 10:00 GMT, having earlier reached $99.50, the highest since September 2014. U.S. West Texas Intermediate …

Oil down over rising investor appetite for profit-taking

Oil down over rising investor appetite for profit-taking

Oil prices fell on Tuesday as investors booked profits from the highest oil price levels in almost eight years, although concerns over tighter supply due to tensions in Ukraine limited losses. International benchmark Brent crude was …

Oil prices climb more than 1% to 7-year highs

Oil prices climb more than 1% to 7-year highs

Oil prices on Monday hit their highest in more than seven years. Brent crude futures was at $95.61 a barrel by 0506 GMT, up $1.17, or 1.2%, after earlier hitting a peak of $96.16, the highest since October 2014. U.S. West Texas …