Brent Crude

Brent crude futures rose by 0.63% to a more than 6-week high of $73.9 a barrel on Tuesday, gaining for the second day, amid concerns about tight supply in the US during hurricane season, with onshore oil refiners reportedly beginning to…

Brent crude futures traded below $72 a barrel on Wednesday, amid lower demand concerns. Meanwhile, about 79% of US Gulf production remained offline on Tuesday, with 79 production platforms still unoccupied, according to source.…

Brent crude futures were little changed at $73.3 a barrel on Tuesday, remaining close to levels not seen in 4 weeks and after surging almost 1% in the previous session. About 1.72 million barrels of output remain suspended in…

Brent crude futures were little changed around $71 a barrel on Wednesday, as the market pauses for breath after a 9% rally in the first 2 days of the week, which erased most of the slump from a seven-day losing streak early in the month.…

Brent crude futures were up more than 2% to above $66 a barrel on Monday, ending a 7-day losing streak and attempting to rebound from a 7.7% plunge last week which was the weakest performance since February 2018. Still,…

Brent crude futures fell by 1.9% to settle at a 3-month low of $65.18 on Friday, stretching losses for the 7th session and widening a weekly drop to 7.7%. It was the longest losing streak since 2019 amid persistent concerns about the rapid…

Brent crude futures were down for a 6th consecutive day to around $67 a barrel on Thursday, close to levels not seen since May, amid persistent concerns about the rapid spread of the coronavirus delta strain and the effects it will have on…

Brent crude futures traded around $70 a barrel on Thursday, the lowest since July 21st amid rising inventories and demand concerns. Government data on Wednesday showed US crude stockpiles rose by 3.63 million barrels last week,…

Oil prices dropped by around 0.5% on Monday, with West Texas  Oil (WTI) trading below $72 a barrel and Brent crude below $74 a barrel, amid worries over a slowdown in global oil demand after some countries posted record daily increases and…

Brent crude futures were around $75 a barrel on Monday, remaining close to 2018 levels, as investors continue to follow OPEC+ crisis and await for an update on output extension. Still, falling US crude inventories hopes for a strong fuel…