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Source: Live Mint NEW YORK -Oil prices fell by more than $1 a barrel on Wednesday as investors doubted that upcoming U.S.-China trade talks will result in a breakthrough, while hopes for an Iran-U.S. nuclear deal eased supply worries. Brent crude futures settled $1.03, or 1.66%, lower at $61.12 a barrel while U.S. West Texas…
Source: Live Mint NEW YORK (Reuters) -Oil prices edged higher on Friday but posted a weekly decline, under pressure from market expectations of oversupply and uncertainty around tariff talks between the U.S. and China. Brent crude futures settled 32 cents higher at $66.87 a barrel, taking losses to 1.6% over the week. U.S. West Texas…
Source: Live Mint NEW YORK (Reuters) -Oil prices fell nearly 3% on Monday on signs of progress in talks between the U.S. and Iran, while investors remained concerned about economic headwinds from tariffs which could curb demand for fuel. Brent crude futures were down $1.93, or 2.8%, at $66.03 a barrel by 12:49 p.m. EDT…
Source: Live Mint (Bloomberg) — Iraq plans to cut oil exports next month as OPEC presses members to adhere to production targets, according to an official with knowledge of the matter. The group’s second-largest producer aims to reduce shipments by roughly 100,000 barrels a day to an average of 3.2 million barrels a day in…
Source: Live Mint NEW YORK (Reuters) -Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC producer group raised expectations of tighter supply. Brent crude futures rose 16 cents, or 0.2%, to settle at $72.16 a barrel. U.S….
Source: Live Mint BEIJING, – Oil prices rose in early trading on Thursday on a decline in U.S. fuel inventories and a ratchetting up of tensions in the Middle East. Brent crude futures rose 40 cents, or 0.57%, to $71.18 a barrel by 0213 GMT, while U.S. West Texas Intermediate crude gained 34 cents, or…
Source: Live Mint Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are expected to cast a shadow on OPEC+-led efforts to shore up the market. Brent crude would average $74.33 per barrel in 2025, down from a forecast of $74.53 in…
Source: Live Mint HOUSTON (Reuters) -Oil prices rose slightly on Tuesday but were headed for their second straight annual loss as the post-pandemic demand recovery stalled and China’s economy struggled while the U.S. and other non-OPEC producers pumped more crude into a well-supplied global market. Brent crude futures rose 70 cents, or 0.95%, to $74.69…
Source: Live Mint International crude oil prices rose almost one per cent on Thursday, December 26, in a holiday-thinned trading session driven by hopes for additional fiscal policy stimulus in China, the world’s biggest oil importer, and supported by an industry report showing a decline in US crude inventories. Brent crude futures last rose 48…
Source: Live Mint By Laila Kearney and Paul Carsten NEW YORK/LONDON (Reuters) -Oil prices rose by more than 1% on Tuesday, reversing the prior session’s losses on a brightening short-term outlook tied to the prospect of slightly tightening supplies as trade thinned ahead of the Christmas and Hanukkah holidays. Brent crude futures settled at $73.58,…
