WTI

Oil prices soared on Monday to their highest in about 13 months as fears of heightened tensions in the Middle East prompted fresh buying, while hopes that a U.S. stimulus and an easing of lockdowns will buoy fuel demand provided support.…

Oil prices edged down on Tuesday as tighter lockdowns in Europe and an OPEC forecast for a slower recovery in demand next year outweighed relief from the roll-out of coronavirus vaccines. U.S. West Texas Intermediate (WTI) crude futures…

The members of the OPEC group of oil producers will meet with their allies Thursday to see if they can reach an accord on extending production cuts over the coming months. The video-conference meeting, scheduled to start at 1300 GMT, was…

Oil prices fell on Monday, extending last week’s losses, as increasing coronavirus cases in the United States and Europe raised worries about energy demand, while Libya’s fast-growing production also weighed on prices. Brent LCOc1 was down…

Oil prices slipped on Friday and were set for a weekly decline due to mounting worries about the impact on fuel demand of a widespread resurgence in coronavirus infections, as well as some concern about the likely return of exports from…

TAYO ELEGBEDE Oil prices  traded up on Monday over half of Friday's losses, as fresh hopes for demand recovery emanates in the global oil market. West Texas Intermediate (WTI) crude traded at $42.05 with a rise of 2.04 per cent or…

TAYO ELEGBEDE Oil futures traded below $42 per barrel following rising tensions between United States and China. The tensions have been precipitated by the signing of executive orders by the United States President, Donald…

TAYO ELEGBEDE Crude oil prices have slightly risen Wednesday morning following the record of a draw in crude oil inventories as compared to the shocking figures of last week. The American Petroleum Institute (API) reported on Tuesday…

Oil prices slipped on Friday, shrugging off a weaker U.S. dollar, as tensions between the United States and China rose against a backdrop of rising coronavirus cases. Brent crude LCOc1 fell 25 cents to $43.06 a barrel by 0713 GMT, and…

By TAYO ELEGBEDE Following the disclosure of a build of 4.9 million barrels for the week to July 17 in crude oil inventories by the Energy Information Administration(EIA), oil prices have again dropped on Thursday. The…