WTI

Crude oil futures closed higher on Monday (May 2) following reports that the European Union (EU) is pushing for the imposition of sanctions on Russian oil. This could lead to a tightening of oil supply on the world market. WTI crude futures were up 48 cents, or 0.5%, at $105.17 a barrel. BRENT crude futures […]

Oil prices fell in Asia on Monday, due to the stagnation of trade in Asia caused by concerns about the slowdown of economic growth in China, the world’s largest importer of oil. There are also fears that supplies could be disrupted by the ban on Russian crude in the EU. Brent crude fell $1.21, or

Crude oil futures closed lower on Friday (April 29) after volatile trading and three straight days of gains. The oil market was under pressure as investors worried about the possible drop in oil demand amid the global economic slowdown and China’s shutdown. WTI crude futures were down 67 cents, or 0.6%, at $104.69 a barrel.

Crude oil futures closed higher on Thursday (April 28) following reports that Germany, as well as other EU member states, may join oil sanctions imposed on Russia, which would further tighten global oil supplies. WTI crude futures rose $3.34, or 3.3%, at $105.36 a barrel. BRENT crude futures were up $2.27, or 2.2%, at $107.59

Crude oil futures closed higher on Wednesday (April 26) as U.S. crude inventories rose lower than analysts expected. In contrast, gasoline and refined oil inventories declined. WTI crude futures were up 32 cents, or 0.3%, at $102.02 a barrel. BRENT crude futures were up 33 cents, or 0.3%, at $105.32 a barrel. Crude oil futures

Crude oil futures rose on Tuesday (April 26) on news that China has announced further stimulus measures. This is to revive the industrial sectors and small businesses affected by the closure measures. WTI crude futures were up $3.16, or 3.2%, at $101.70 a barrel. BRENT crude futures were up $2.67, or 2.6%, at $104.99 a

Crude oil futures closed lower on Monday (April 25) as investors worried that the Shanghai lockdown would last long and the U.S. Federal Reserve (Fed) accelerated interest rate hikes. These will affect economic activity and oil demand. WTI crude futures fell $3.53, or 3.5%, at $98.54 a barrel. BRENT crude futures fell $4.33, or 4.1%,

Crude oil prices fell in Asia on Monday on lingering concerns about an extended COVID-19 lockdown in Shanghai and a possible rise in U.S. interest rates that could weaken global economic growth and spur demand. Brent crude fell $1.90, or 1.8%, to $104.75 a barrel. WTI crude futures fell $1.89, or 1.9%, to $100.18 a

Crude oil futures closed lower on Friday (April 22), weighed down by negative factors such as a weaker global growth outlook, rising interest rates, and lockdowns in China to combat COVID-19 – all factors that will hurt oil demand. WTI crude futures fell $1.72, or 1.7%, at $102.07 a barrel. BRENT crude futures fell $1.68,

Crude oil futures closed higher on Thursday (April 21) following reports that the European Union (EU) is considering a halt to Russian oil imports. This could lead to the world oil market facing a tight supply situation. WTI crude futures were up $1.6, or 1.6%, at $103.79 a barrel. BRENT crude futures were up $1.53,