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BRENT CRUDE PRICE NEWS

Oil prices remain steady as market weighs US demand concerns, Middle East conflict risks

April 25, 2024 12:35 pm

Brent crude futures inched up 18 cents, or 0.2%, to $88.20 a barrel at 0630 GMT, while U.S. West Texas Intermediate crude futures gained 13 cents, or 0.2%, to $82.94 a barrel.

Oil prices advance as reports of Israeli strike on Iran roil global markets

April 19, 2024 1:28 pm

The benchmark contracts surged more than $3 before easing slightly. At 0615 GMT, Brent futures were up $1.40, or 1.61%, at $88.51 a barrel. The most active US West Texas Intermediate contract climbed $1.38, or 1.68%, to $83.48 per barrel.

Crude oil prices extend gains on escalation in Middle East tensions

April 11, 2024 9:58 am

Brent crude futures advanced by 30 cents, or 0.3%, to $90.78 a barrel by 0325 GMT, while U.S. West Texas Intermediate crude futures rose 25 cents, or 0.3%, to $86.46 a barrel.

Crude oil prices slide more than 1% as Middle East tensions ease, Brent below $90/barrel

April 08, 2024 2:16 pm

Brent crude futures dropped $1.48, or 1.6%, to $89.69 a barrel by 0615 GMT. U.S. West Texas Intermediate crude was at $85.54 a barrel, down $1.37, or 1.5%.

Oil prices hold gains on upbeat China trade data

March 07, 2024 11:15 am

The world's top crude importer posted a 5.1 per cent rise in imports in the first two months of 2024 from a year earlier to about 10.74 million barrels per day (bpd), customs data showed on Thursday.

Prices have gained for three consecutive weeks, and are now around 10-month highs for both benchmarks.

Oil prices rise on supply deficit concerns

September 19, 2023 10:06 am

Oil prices rose on Tuesday for the fourth consecutive session, as weak shale output in the US spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia.

Oil stable as OPEC+ quotas offset low Chinese demand

October 14, 2022 2:38 pm

Brent crude futures were down 31 cents, or 0.3%, at $94.26 a barrel at 0924 GMT while U.S. West Texas Intermediate (WTI) crude futures fell 25 cents, or 0.3%, to $88.86.

Oil falls on demand concerns, strong dollar

September 15, 2022 4:32 pm

Brent crude was down 56 cents, or 0.6%, to $93.54 a barrel at 0951 GMT. U.S. West Texas Intermediate crude fell 44 cents, or 0.5%, to $88.04.

Crude oil price: Oil falls to 7-month low on renewed demand fears, rate hike expectations

September 07, 2022 10:41 am

Brent crude futures fell $1.35, or 1.5%, to $91.48 a barrel by 0420 GMT after slipping 3% in the previous session. The contract hit a session low of $91.35, the lowest since Feb. 18.

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Global prices cooling: Govt to relook duties, cesses on fuel & crude

July 15, 2022 4:04 am

With global crude prices having softened since the imposition of the levies on July 1, it is likely that the government may consider lowering the duties and cesses.