Brent crude falls 71 cents to $99.98 a barrel by 0013 GMT in early Asian trade. The declines follow a dramatic fall on Tuesday when WTI slid 8%. and Brent 9%. U.S. government data due on Thursday will shed light on the state of domestic oil and fuel inventories. Oil prices sneaked through early Asian … Read more
Global benchmark Brent crude settles at $102.77 a barrel, losing $10.73, or 9.5%. West Texas Intermediate (WTI) crude ends 8.2%, or $8.93, lower at $99.50 a barrel. Fears of potential lockdowns in China that could deepen cuts to oil consumption. Oil fates sank alongside gaseous petrol, fuel and values, which frequently act as request marker … Read more
Brent futures fell $6.69, or 5.6%, to settle at $113.12 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $8.03, or 6.8%, to $109.56. It was the lowest close for Brent since May 20 and the lowest for WTI since May 12. There will be no U.S. trading on Monday due to the Juneteenth … Read more
TRIPOLI: Libya’s only operational oil refinery was “severely” damaged after gunmen battled for three hours around the complex, the National Oil Corporation said. “The Zawiya Oil Complex was severely damaged as a result of skirmishes by armed groups,” Libya’s state oil company NOC said late Tuesday. “Those involved held no regard for the lives of workers … Read more
US oil prices recovered above $14 a barrel today, after major fall of 20 percent amid virus-triggered storage concerns. Media reports said that West Texas Intermediate, the US benchmark, for June delivery jumped 14.5 per cent to $14.13 a barrel in Asian morning trade. It had plunged by more than 21pc at one point a … Read more
Oil Prices in international market has jumped more than $1 a barrel after major producers agreed to put biggest ever output cut. Media reports said The Organization of the Petroleum Exporting Countries (OPEC) and its allies finally agreed their biggest-ever output cut that spiked prices of oil one dollar per barrel. The oil producers has … Read more
