January 31, 2024 7:11 PM

Oil prices fell by around 1% today

Oil prices fell by around one percent today, pressured by slow economic activity in the leading crude importer, China. In intra-day trade, Brent crude was trading one percent lower at 82 dollars and four cents per barrel, while U.S. West Texas Intermediate crude was also trading down 1.15 percent at 76 dollars and 91 cents per barrel when reports last came in.

January 18, 2024 8:30 PM

Oil Prices Climb as IEA and OPEC Forecast Strong Global Demand Brent at 77.98, WTI at 72.78 per Barrel

Oil prices rose today as the International Energy Agency (IEA) joined the producer group OPEC in forecasting relatively strong growth in global oil demand this year.   In intra-day trade, Brent crude was trading 0.13 percent higher at 77 dollars and 98 cents per barrel, while U.S. West Texas Intermediate crude was also trading up 0.30 percent at 72 dollars and 78 cents per barrel when reports last came in.

November 9, 2023 8:18 PM

Crude Oil Hovers at 80 per Barrel Amid Demand Worries and Reduced War-Risk Premium

The crude oil price hovered around 80 dollars per barrel amid demand concerns and a waning war-risk premium which has triggered a sell off over the past week.   In intra-day trade, Brent crude was trading at 80 dollars and eight cents per barrel, while U.S. West Texas Intermediate crude was trading at 75 dollars and 80 barrels when reports last came in. 

October 19, 2023 8:11 PM

Brent crude prices decline amid Middle East worries

Brent crude prices today declined amid worries in the Middle East. In intra-day trade, Brent crude was trading at 90 dollars and 33 cents per barrel. Western Texas Intermediate crude price was trading at 87 dollars and 35 cents per barrel when reports last came in. 

September 27, 2023 6:44 PM

Brent crude prices rise more than 1% today

Brent crude prices rose more than one percent today as markets focused on supply tightness heading into winter and a soft landing for the U.S. economy. In intra-day trade, Brent crude was trading at 95 dollars and 20 cents per barrel. West Texas Intermediate crude price was at 91 dollars and 92 cents per barrel when reports last came in.

September 13, 2023 4:31 PM

Crude prices trade above 85 dollars per barrel in recent weeks

Supply cuts by oil-producing countries to keep crude prices elevated. Crude oil prices have gained momentum since July after Saudi Arabia, the world's largest producer of crude oil, slashed supply by an additional one million barrels per day. Crude prices are trading above 85 dollars per barrel in recent weeks.             In intra-day trade, Brent crude was trading at 92 dollars and 50 cents per barrel. West Texas Intermediate crude price was at 89 dollars and...

July 5, 2023 6:08 PM

Brent crude trades marginally lower amid concern over global economic slowdown

Brent crude was trading marginally lower today amid concern over a global economic slowdown which overshadowed supply cuts announced this week by top crude exporters Saudi Arabia and Russia.   In intra-day trade, Brent crude was trading at 76 dollars and 20 cents a barrel. West Texas Intermediate crude price was at 71 dollars 25 cents per barrel when reports last came in.   

March 29, 2023 7:30 PM

Oil price rises more than half a per cent

Oil price on Wednesday rose more than half a per cent. In intra-day trade, Brent crude was trading at around 79 dollars and 30 cents per barrel, while WTI crude price was at 74 dollars per barrel, when reports last came in.

March 22, 2023 7:02 PM

Oil prices edge lower following fresh indications of weak demand

Oil prices today edged lower following fresh indications of weak demand, and as the market awaited a crucial interest rate decision by the U.S. Federal Reserve. In intra-day trade, Brent crude was trading at around 75 dollars and 10 cents per barrel, while WTI crude price was at 69 dollars and 50 cents per barrel, when reports last came in.