March 05, 2021 12:36 pm
US shale producers have quickly responded to oil price gains in recent years, winning market share as Saudi Arabia and other major producers have cut output, although they held back on boosting production since pandemic-led demand destruction last year.
March 05, 2021 10:36 am
Brent crude futures for May rose 60 cents, or 0.9%, to $67.34 a barrel at 0337 GMT, and was on track for a near 2% gain in the week. US West Texas Intermediate (WTI) crude futures were up 56 cents, or 0.9%, to $64.39 per barrel.
February 09, 2021 12:07 pm
Crude oil price: Brent crude futures for April gained 48 cents, or 0.8%, to $61.04 a barrel by 0443 GMT. U.S. West Texas Intermediate crude (WTI) for March was at $58.42 a barrel, up 45 cents, or 0.8%.
December 11, 2020 2:45 pm
Brent was up 30 cents or 0.6% at $50.55 a barrel by 0752 GMT, after gaining nearly 3% on Thursday. US oil was up 31 cents, or 0.7%, at $47.09 a barrel, having also risen almost 3% in the previous session.
November 23, 2020 11:59 am
Brent crude futures rose 21 cents, or 0.5%, to $45.17 a barrel by 0436 GMT while US West Texas Intermediate crude gained 10 cents, or 0.2%, to $42.52 a barrel. Both benchmarks jumped 5% last week.
October 24, 2020 12:59 am
Domestic refiners cited high inventory levels and low demand for petroleum products due to Covid-19 as the key reason behind low processing levels.
February 26, 2020 11:37 am
Brent crude rose 33 cents, or 0.6%, to $55.28 a barrel by 0513 GMT, while US West Texas Intermediate crude gained 41 cents, or 0.8%, to $50.31 a barrel. Still, prices are down nearly 7% since last Thursday's close.
February 20, 2020 9:43 am
Tensions in Libya that have led to a blockade of its ports and oilfields have shown no signs a resolution, while US sanctions on a subsidiary of Russian state oil major Rosneft to cut Venezuelan crude from the market have helped rekindle global oil supply worries.
November 27, 2019 10:28 am
Wednesday's decline reversed two days of gains, with WTI climbing 1.1 per cent through Tuesday and Brent gaining 1.4 per cent during the period, on the expectation that China and the United States, the world's two biggest crude oil users, would soon sign a preliminary agreement beginning an end to their 16-month trade war.
July 29, 2019 10:44 am
Brent crude futures were up 23 cents, or 0.4%, at $63.23 a barrel by 0054 GMT. Prices rose 1.6% last week. US West Texas Intermediate crude was down by 12 cents, or 0.2%, at $56.08 a barrel. WTI gained 1% last week.