Oil prices increased more than 3% during the week ending Feb. 26 as supply resumed in the US's largest oil-producing area, Texas, following the cold snap that affected much of the central part of the country.
International benchmark Brent crude traded at $64.79 at 1318 GMT on Friday, posting a 3.
Oil prices remained close to 13-month highs on Thursday, with profit-taking limited by an assurance that U.S. interest rates will stay low and a sharp drop in U.S. crude output last week due to the storm in Texas.
Brent crude for April hit $67.70 a barrel during the session, its highest since Jan
Oil prices rose above $1 on Tuesday, supported by optimism of COVID-19 vaccine rollouts and lower output as US supplies slowly return after a deep freeze in Texas.
Brent crude was up $1.10, or 1.7%, at $66.34 a barrel by 04:37 GMT while US crude rose 92 cents, or 1.5%, to $62.62 a barrel. Both be
Oil prices dropped by 2% on Friday due to concerns about how long US refineries will take before resuming operation.
US West Texas Intermediate (WTI) crude futures fell $1.14, or 1.9%, to $59.38 a barrel at 04:21 GMT while Brent crude futures dropped $1.03, or 1.6%, to $62.90 a barrel.
Oil prices steadied on Wednesday as support following disruptions in the US south offsetting expectations that OPEC+ producers may reduce their output curbs after April.
US West Texas Intermediate (WTI) crude futures dipped 3 cents to $60.02 a barrel at 05:10 GMT while Brent crude futures gained
Oil prices jumped on Tuesday due to weather affecting wells and refineries in Texas, the world’s biggest oil producer.
Concerns of supply in the world’s biggest oil exporter also edged prices higher due to tensions in the Middle East.
Brent crude was up 35 cents, or 0.6%, at $63.65 a
Oil prices edged higher on Monday, their highest in 13 months due to tension in the Middle East hope for US stimulus and eased lockdown supporting demand.
Brent crude was up $1.09, or 1.8%, at $63.52 a barrel at 04:28 GMT while US West Texas Intermediate (WTI) crude futures gained $1.28, or 2.2%,
Oil prices fell on Friday, following OPEC cut of demand forecast and reports from International Energy Agency on market being over-supplied.
Brent crude was down 47 cents, or 0.8% at $60.67 a barrel by 03:09 GMT while US oil was down 53 cents, or 0.9% at $57.71 a barrel.
Following cut of product
Both the International Energy Agency and Opec slashed their demand outlook citing slow vaccine rollouts, continued lockdowns and ongoing travel restrictions due to Covid-19 in many parts of the world.
The IEA cut its demand forecast for 2021 by 200,000 barrels per day, while Opec reduced its esti
Oil hit its highest in a year on Friday, closing in on $60 a barrel, supported by economic revival hopes and supply curbs by producer group OPEC and its allies.
New orders for US-made goods rose more than expected in December, pointing to continued strength in manufacturing. President Joe Biden&r
Crude prices hit their highest level in over a year on Friday, closing in on $60 a barrel amid economic revival hopes and supply curbs by OPEC and allied producers.
International benchmark Brent was up 1.1 percent, at $59.52 as of 14:25 GMT, after hitting its highest since February 20 last year
Oil prices extended gains on Thursday as OPEC+ maintained its oil output policy in a meeting on Wednesday, Feb. 2, 2021, and as crude stockpiles in the US fell to their lowest levels since March 2020.
International benchmark Brent crude was trading up 0.6 percent at $58.80 per barrel, at 7 am Riy
Oil rose on Wednesday as US lawmakers moved closer to approving President Joe Biden’s $1.9 trillion COVID-19 aid bill without Republican support, and amid expectations that global oil stocks will fall back to more normal levels this year.
International benchmark Brent crude was trading up 0
World oil prices leapt toward a 12-month high on Tuesday as the effect of Saudi Arabia’s surprise cut last month took effect in a more optimistic market.
The price of a barrel of Brent crude, the global benchmark, nudged $58, where it last stood in early 2020 before the pandemic lockdowns d
OPEC and its partners expect that the agreed oil-supply curbs will reach 99 percent in January, Bloomberg reported, citing an unnamed delegate.
The implementation among the OPEC members was at 103 percent, while it reached 93 percent for non-OPEC partners, including Russia and Kazakhstan, last mo
Libya's National Oil Corp. (NOC) is in the process of opening an office in the UK capital London in an effort to increase the North African state's production, the Times reported the organisation announcing.
Talking to the Times, NOC Chairman Mustafa Sanalla said the London office
Oil prices steadied on Friday, its past three weeks range as investors hope for change in supply and demand due to slow-paced of vaccine rollout.
Brent crude futures for March rose 4 cents, or 0.1%, to $55.57 a barrel while US West Texas Intermediate (WTI) crude futures slipped 7 cents to $52.27
Oil prices fell on Monday as countries renew COVID-19 restrictions increasing worries over global fuel demand.
Brent crude futures declined by 8 cents, or 0.1%, to $55.38 a barrel while US West Texas Intermediate crude was at $52.26 a barrel, down 1 cent.
"Signs of weaker demand weighed on the m