WTI

Oil price going up

Oil price going up

Brent oil futures with delivery in August climbed above $87 per barrel at the London-based ICE for the first time since April 30, 2023, according to trading data. Brent prices edged up by 0.46% to $87.04 a barrel. WTI futures …

Oil prices plummet once again

Oil prices plummet once again

Oil prices eased on Tuesday, extending losses from a four-month low in the previous session, according to trading data. Brent crude futures …

Brent oil price surpasses $81 per barrel

Brent oil price surpasses $81 per barrel

The price of futures contract for Brent crude oil with March delivery on London’s ICE exceeded $81 per barrel yesterday evening for the first time since December 1. Brent price grew by 2.35% to $81.05 per barrel. By …

Oil prices declining again

Oil prices declining again

Oil prices decreased in early trade on Tuesday following reports of China's falling export rates in October and the strengthening of the U.S. dollar. International benchmark crude Brent traded at $84.29 per barrel at 9.48 a.m. local …

Oil prices regain some ground

Oil prices regain some ground

Oil prices rose on October 24, recovering some of the previous day's losses, as investors remained nervous that the Israel-Hamas war could escalate into a wider conflict in the oil-exporting region, causing potential supply disruptions. …

Brent oil price rises above $90 per barrel

Brent oil price rises above $90 per barrel

The price of a December 2023 futures contract for Brent crude oil has risen above $90 per barrel on the London ICE exchange on Friday, for the first time since October 4, according to trading data. As of 07:533 p.m. Moscow time, the …

Oil prices hit new 10-month high

Oil prices hit new 10-month high

The price of Brent crude oil futures contract with November delivery on London’s ICE exchange exceeded $95 per barrel for the first time since November 15, 2022. According to exchange data at 06:52 Moscow time, the Brent price …

Brent oil tops $94 per barrel

Brent oil tops $94 per barrel

Brent oil futures for November delivery reached the highest since November 16, 2022 on ICE in London, trading at more than $94 a barrel, data from the exchange show. Futures climbed by 2.05% to $94.08 a barrel at 23:13 Moscow time, …

Oil surging toward $100 per barrel

Oil surging toward $100 per barrel

The price of Brent crude oil futures contract with November delivery on London’s ICE surpassed $93 per barrel for the first time since November 16, 2022. According to the exchange data as of 13:49 Moscow time, Brent oil price grew …

Brent crude oil price climbing to $90

Brent crude oil price climbing to $90

The price of futures contracts of Brent crude oil for October delivery rose above $88 per barrel on London's ICE on August 10 for the first time since January 27, 2023, according to trading data. As of 10:21 a.m. Moscow time the …

Oil rises in price again

Oil rises in price again

Benchmark crude oil prices are rising again, and the reason for this is the upcoming meeting of the US Federal Reserve, which is scheduled for tomorrow, July 25. The US Federal Reserve is expected to raise the discount rate by 25 basis points.

Oil steady after U.S. debt deal

Oil steady after U.S. debt deal

Oil prices were steady on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world's largest economy and oil consumer, but concerns about further interest rate hikes capped gains. …

EIA lowers price forecasts for WTI and Brent oil

EIA lowers price forecasts for WTI and Brent oil

The Energy Information Administration cut its 2023 and 2024 forecasts for U.S. and global benchmark crude-oil prices, according to the Short-Term Energy Outlook report. "Ongoing considerations about weakening global economic …

Oil prices extend losses ahead of expected interest rate hikes

Oil prices extend losses ahead of expected interest rate hikes

Oil extended losses on Wednesday after plunging 5% in the previous session, as investors priced in expectations for interest rate hikes in the U.S. and Europe and waited for clarity on future policy path. Brent futures dipped 12 cents, …

Oil prices slightly increasing

Oil prices slightly increasing

Oil prices rose slightly on Thursday, finding some support after heavy losses in the previous two sessions driven by fears of a U.S. recession and an increase in Russian oil exports which dulled the impact of OPEC production cuts. Brent …

Oil prices surge after Russia and Arab world announce cuts

Oil prices surge after Russia and Arab world announce cuts

Oil prices continue to soar on Tuesday after OPEC+ countries said they will cut production by 1.15 million barrels per day from May until the end of the year.  Brent crude had topped $85 per barrel and WTI was trading at …

WTI oil sinks to the lowest since December 2021

WTI oil sinks to the lowest since December 2021

Oil prices sank, with West Texas Intermediate plunging below $65 a barrel, as escalating investor concerns about a global banking crisis eroded appetite for risk assets including commodities. U.S. benchmark crude futures retreated as …

Oil slumps below $75

Oil slumps below $75

Oil prices slump accelerated: Brent fell below $75 per barrel for the first time since late 2021. According to trading data, today, world …