04/01/2022 |
Oil prices surrendered earlier gains on Tuesday as investors embraced expectations that major oil producers will confirm a plan to add supply later on Tuesday amid diminishing concerns over the spread of the Omicron variant of COVID-19. Brent crude futures lost 25 cents to $78.74 a barrel at 0739 GMT, while U.S. West Texas Intermediate (WTI) crude inched down by 19 cents to $75.89 a barrel. |
05/01/2022 |
Oil prices steadied on Wednesday as investors assessed the impact of a massive spike in COVID-19 cases caused by the Omicron variant, though the upside remained limited after U.S. fuel inventories climbed. Brent crude futures fell 0.03% to $80.04 a barrel by 0716 GMT. |
06/01/2022 |
Oil prices lost ground on Thursday, falling from their highest levels in more than a month after U.S. fuel stockpiles surged amid declining demand. The global benchmark Brent crude futures fell 0.8%, to $80.17 a barrel, as of 0727 GMT. U.S. West Texas Intermediate (WTI) crude futures lost 0.8%, to $77.27 a barrel. |
07/01/2022 |
Oil prices edged up on Friday, heading for their biggest weekly gains since mid-December, fuelled by supply worries amid escalating unrest in Kazakhstan and outages in Libya. Brent crude futures climbed 0.63%, to $82.51 a barrel at 0721 GMT, after a 1.5% jump in the previous session. |
10/01/2022 |
Oil prices edged up on Monday as supply disruptions in Kazakhstan and Libya offset worries stemming from the rapid global rise in Omicron infections. Brent crude rose 0.3%, to $81.99 a barrel at 0730 GMT, |
11/01/2022 |
Oil prices climbed on Tuesday, with investors regaining some risk appetite as they await clues from the U.S. Federal Reserve chairman on potential interest rate rises and as some oil producers continued to struggle to beef up output. Brent crude futures gained 0.7%, to $81.47 a barrel at 0740 GMT, after dropping 1% in the previous session. |
12/01/2022 |
Oil prices steadied on Wednesday after rising in the previous session on expectations that fuel demand will continue to strengthen as the U.S. Federal Reserve is likely to raise interest rates more slowly than expected. Brent and U.S. crude oil futures are trading at their highest since the highly contagious Omicron COVID-19 variant emerged in late November has not impacted fuel demand the way previous variants did. Brent crude futures were up to $83.74 a barrel, after jumping 3.5% in the previous session. |
13/01/2022 |
Oil prices slipped on Thursday, trimming big gains from the previous two sessions, amid uncertainty over near-term demand as cases of the highly contagious Omicron variant of the coronavirus surge around the globe. Brent crude futures shed 0.5%, to $84.23 a barrel, after rising 1.3% on Wednesday. |
14/01/2022 |
Oil futures reversed losses on Friday on a weaker dollar although an imminent release of crude reserves from top importer China capped price gains. Brent crude futures rose 0.4% to $84.79 a barrel at 0730 GMT. U.S. West Texas Intermediate crude gained 0.1%, to $82.23 a barrel |
17/01/2022 |
Oil prices rose on Monday, with Brent futures touching their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus variant. Brent crude futures gained 0.5%, to $86.46 a barrel by 0641 GMT. Earlier in the session, the contract touched its highest since Oct. 3, 2018 at $86.71. |
18/01/2022 |
Oil prices rose more than $1 on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen's Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a Saudi Arabian-led coalition. Brent crude futures rose 1.6%, to $87.85 a barrel by 0738 GMT, |
19/01/2022 |
Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates. Brent crude futures rose 0.5%, to $87.90 a barrel at 0740 GMT, adding to a 1.2% jump in the previous session. The benchmark contract climbed to as much as $89.05 earlier in the session, its highest since Oct. 13, 2014. |
20/01/2022 |
Oil steadied on Thursday, clawing back losses earlier in the session, as strong demand and short-term supply disruptions continue to support prices close to their highest levels since late 2014. Brent crude futures fell 0.2%, to $88.27 a barrel, as of 0418 GMT, having dropped more than $1 earlier in the session. The global benchmark touched $89.17 a barrel on Wednesday, its highest since October 2014. |
21/01/2022 |
Oil prices fell on Friday, after rising to seven-year highs this week, as investors took profits following a build-up in U.S. crude and fuel inventories, though overall sentiment remained solid due to concerns over tight supply and geopolitics. Brent crude futures were down 1.1%, to $87.38 a barrel by 0747 GMT. The contract earlier fell by as much as 3%, the most since Dec. 20. A day earlier the global benchmark touched $89.50 a barrel, its highest since October 2014 |
24/01/2022 |
Oil prices rose on Monday on worries about supply disruption amid rising tensions in Eastern Europe and the Middle East, which could make an already tight market even tighter, while OPEC and its allies continued to struggle to raise output. Brent crude futures rose 0.7%, to $88.47 a barrel by 0742 GMT, reversing a 0.6% loss on Friday. |
25/01/2022 |
Oil prices bounced back on Tuesday, recovering some of the previous day's losses, as growing tension in Eastern Europe and the Middle East fuelled concerns over possible supply disruptions. Brent crude futures rose 0.7%, to $86.88 a barrel at 0722 GMT after touching a session high of $87.27 a barrel earlier, reversing a 1.8% fall in the previous session. |
26/01/2022 |
Brent crude edged up on Wednesday as geopolitical tensions in Europe and the Middle East raised supply concerns while investors locked in profits ahead of updates from the U.S. Federal Reserve and U.S. oil inventory data. Oil prices hit seven-year highs last week on worries that supplies could tighten due to Ukraine-Russia tensions. Brent crude futures edged up 13 cents, or 0.2%, at $88.33 a barrel at 0730 GMT, paring losses earlier in the session. |
27/01/2022 |
Oil prices fell on Thursday as the U.S. dollar strengthened following signs that the Federal Reserve will tighten monetary policy soon in the world's biggest oil user. Brent crude futures were down 0.6%, to $89.44 a barrel at 0720 GMT, after earlier falling by as much as 1.1% to $89. Brent climbed 2% on Wednesday. |
28/01/2022 |
Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue their policy of limited output increases amid rising fuel demand. Brent crude futures climbed 0.6%, to $89.91 a barrel at 0734 GMT, after falling 62 cents during the previous day. However, prices did reach $91.04 earlier in that session, the highest since October 2014 |
31/01/2022 |
Oil rose more than 1% on Monday to the near 7-year highs hit in the previous session, while supply concerns and political tension in Eastern Europe and the Middle East put prices on track for their biggest monthly gain in almost a year. Brent crude rose 1.4%, to $91.31 a barrel at 0721 GMT, after adding 69 cents on Friday. The front-month contract for March delivery expires later in the day. |
01/02/2022 |
Oil prices eased on Tuesday, giving up early gains as investors took profits, although expectations that supply will remain tight amid a limited output increase by major producers and a solid post-pandemic recovery in fuel demand checked losses. Brent crude for April delivery was down 0.1%, at $89.16 a barrel at 0748 GMT, off an intraday high of $89.70. The front-month contract for March delivery expired on Monday at $91.21 a barrel, up 1.3% |
02/02/2022 |
Oil prices climbed on Wednesday toward last week's seven-year highs as a draw in U.S. crude stocks confirmed strong demand and tightsupplies, but investors remained cautious ahead of an OPEC+ meeting later in the day. Brent crude rose 0.1%, to $89.27 a barrel by 0743 GMT, after easing 10 cents on Tuesday. |
03/02/2022 |
Oil prices eased on Thursday following weak U.S. payrolls data and some profit taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases. Brent crude fell 0.2%, to $89.30 a barrel by 0420 GMT, after rising 31 cents on Wednesday. U.S. West Texas Intermediate crude was down 0.4%, at $87.95 a barrel, having gained 6 cents the previous day. |
04/02/2022 |
Oil prices climbed on Friday, extending sharp gains in the previous session as frigid weather swept across large swathes of the United States, threatening to further disrupt oil supplies. Brent crude rose 0.5%, to $91.53 a barrel by 0745 GMT, after rising $1.16 on Thursday. |
07/02/2022 |
Oil prices bounced around on Monday in see-saw trading, with some investors taking profits after signs of progress in the U.S.-Iran nuclear talks while others kept bullish sentiment bolstered by rising consumption amid ongoing supply constraints. Brent crude was down to $93.25 a barrel as of 0758 GMT, after earlier touching its highest price since Oct. 3, 2014, of $94.00. It slid to as low as $92.47 in an early trade. |
08/02/2022 |
Oil prices eased on Tuesday ahead of the resumption of indirect talks between the United States and Iran which may revive a nuclear deal that could lead to the removal of sanctions on Iranian oil sales, increasing global supplies. Brent crude was last down 0.24%, at $92.47 a barrel by 0716 GMT, after hitting a seven-year high of $94 on Monday. U.S. West Texas Intermediate crude was down by 0.16%, at $91.18 a barrel. |
09/02/2022 |
Oil prices climbed on Wednesday after two sessions of losses as industry data showed an unexpected drop in U.S. crude and fuel stocks, offsetting concerns of a possible rise in supplies from Iran. Brent crude futures rose 0.5%, to $91.19 a barrel by 0422 GMT, while U.S. West Texas Intermediate crude was at $89.74 a barrel, up 0.4%. |
10/02/2022 |
Oil prices fell on Thursday, after rallying on an unexpected drop in U.S. crude inventories in the previous session, as investors await the outcome of U.S.-Iran nuclear talks that could add crude supplies quickly to global markets.Brent crude futures slid 0.3%, to $91.27 a barrel at 0714 GMT, while U.S. West Texas Intermediate crude was at $89.47 a barrel |
11/02/2022 |
Oil prices eased on Friday as hot U.S. inflation fanned worries about aggressive interest rate hikes and investors await the outcome of U.S.-Iran talks that could lead to increased global crude supply. Brent crude futures fell 0.6%, to $90.83 a barrel at 0730 GMT, while U.S. West Texas Intermediate crude declined 0.5%, to $89.43 a barrel. |
14/02/2022 |
Oil prices hit their highest in more than seven years on Monday on fears that a possible invasion of Ukraine by Russia could trigger U.S. and European sanctions that would disrupt exports from the world's top producer in an already tight market. Brent crude futures was at $95.65 a barrel by 0742 GMT, up 1.3%, after earlier hitting a peak of $96.16, the highest since October 2014. |
15/02/2022 |
Oil prices eased on Tuesday as investors scooped up profits from the previous day's rally to seven-year highs and as global stock markets slumped, although lingering concerns that Russia might invade Ukraine and disrupt energy supplies limited losses. Brent crude futures were at $95.60 a barrel by 0747 GMT, down 0.9%, after rising $2.04 on Monday. |
16/02/2022 |
Oil prices recouped losses on Wednesday after slipping more than 3% in the previous session, as investors gauged the impact of easing Russia-Ukraine tension against a taut balance of tight global supplies and recovering fuel demand. Brent traded at $93.90 a barrel by 0722 GMT, up 0.7%, having slid 3.3% overnight after Russia announced a partial pullback of its troops near Ukraine, yet to be verified by the United States. |
17/02/2022 |
Oil recovered some of its more than 2% fall in Asian trade on Thursday after Russian-backed rebels in eastern Ukraine accused Kyiv government forces on Thursday of shelling their territory with mortars. Brent crude was trading down 0.6% at $94.2 at 0420 GMT, after also dropping earlier by over 2%. |
18/02/2022 |
Oil prices extended losses on Friday, and were headed for a weekly fall, as the prospect of extra supply from Iran returning to the market eclipsed fears of a possible supply disruption arising from a Russian invasion of Ukraine. Brent crude futures fell 0.7%, to $92.32 a barrel at 0725 GMT, extending a 1.9% drop from the previous session. |
21/02/2022 |
Oil prices fell on Monday, reversing course from strong initial gains, as news of fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from concerns about crude supply. Brent crude futures slipped to $93.14 a barrel at 0730 GMT. |
22/02/2022 |
Oil prices jumped more than $2 on Tuesday on supply disruption worries as tensions between Russia and Ukraine escalated after Moscow ordered troops into two breakaway regions in eastern Ukraine. Brent crude futures rose $97.53 a barrel at 0710 GMT, adding to a 2% gain on Monday |
23/02/2022 |
Oil prices stabilised on Wednesday after hitting seven-year highs in the last session as it became clear the first wave of U.S. and European sanctions on Russia for sending troops into eastern Ukraine would not disrupt oil supplies. Brent crude rose 0.01%, to $96.95 a barrel at 0730 GMT, after soaring as high as $99.50 on Tuesday, the highest since September 2014. |
24/02/2022 |
Oil prices surged on Thursday, with Brent breaching $100 a barrel for the first time since 2014, after Russia attacked Ukraine, exacerbating concerns that a war in Europe could disrupt global energy supplies.Brent crude rose to as much as $103.78 a barrel, the highest since Aug. 14, 2014, and was at $103.18 a barrel at 0830 GMT. |
25/02/2022 |
Oil prices jumped on Friday by nearly 3% on concerns of global supply disruptions from the impact of trade sanctions on major crude and fuel exporter Russia after it invaded Ukraine. Global benchmark Brent crude rose 2.8%, to $101.89 a barrel at 0738 GMT on Friday, after climbing to as high as $101.99. |
28/02/2022 |
Oil prices jumped on Monday on escalating sanctions against Russia over its invasion of Ukraine, which in turn led President Vladimir Putin to put his country's nuclear deterrent on high alert. Brent jumped back above $100 a barrel, initially surging more than $7, as the nuclear alert and bank payment constraints heightened fears that oil shipments from the world's second-largest producer could be disrupted. Russia accounts for about 10% of global oil supply. At 0643 GMT Brent crude futures were up 4.8%, at $102.62, after hitting a high of $105.07 a barrel in early trade. |
01/03/2022 |
Oil prices surged on Tuesday as concerns over potential supply disruptions amid Russia's invasion of Ukraine outweighed talk of a coordinated global release of crude stocks to calm markets. May Brent crude futures, which began trading as prompt on Tuesday, advanced 1.8% to $99.7 |
02/03/2022 |
Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers. Brent crude futures rose by as much as $8 and touched as high as $113.02 a barrel, the highest since June 2014, before easing to $111.75 at 0804 GMT |
03/03/2022 |
U.S. sanctions targeting Russian refineries, disruptions to shipping and a fall in U.S. crude stocks to multi-year lows kept oil prices racing on Thursday as Brentcharged towards $120 a barrel, its highest in almost a decade. Brent crude futures rose as high as $119.84 a barrel, the highest since May 2012. The contract was at $119.78 a barrel, up 6.1%, by 0752 GMT. |
04/03/2022 |
Oil prices rebounded on Friday as fears of Western sanctions that could disrupt Russian oil exports outweighed the possibility of more Iranian supplies while reports of a nuclear plant fire in Ukraine spooked financial markets. Brent crude futures for May rose as high as $114.23 a barrel and by 0755 GMT were up 0.7%, at $111.19. |
07/03/2022 |
Brent crude soared near $130 a barrel on Monday, its highest since 2008, as the United States and European allies mull a Russian oil import ban and delays in the potential return of Iranian crude to global markets fuelled tight supply fears. Brent crude futures jumped 9.2%, to $128.99 a barrel by 0723 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 8.5%, to $125.48. |
08/03/2022 |
Oil prices rose on Tuesday, with Brent surging past $126 a barrel, as fears of formal sanctions against Russian oil and fuel exports spurred concerns about supply availability. Benchmark Brent crude futures for May climbed 2.49%, to $126.28 a barrel at 0756 GMT. |
09/03/2022 |
Oil prices firmed on Wednesday over fears of a potential supply shock as the United States banned Russian oil imports, and amid signs that some buyers are already shunning them. Brent crude futures were up 2.07%, at $130.63 a barrel at 0720 GMT, after jumping 3.9% the previous day. |
10/03/2022 |
Oil prices rose on Thursday in volatile trade following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the gap in output from Russia due to sanctions for its invasion of Ukraine. Brent crude futures were up 2.28%, at $113.67 a barrel at 0651 GMT after trading in about a $5 range. The benchmark contract slumped 13% in the previous session in its biggest one-day drop in nearly two years |
11/03/2022 |
Oil prices rose on Friday but were on track for their biggest weekly declines since November after see-sawing on fears of escalating bans on Russian oil versus efforts to bring more supply to market from other major producers. Brent crude futures climbed 2.27%, to $111.81 a barrel at 0747 GMT after dropping 1.6% in the previous session. |
14/03/2022 |
Oil prices shed as much as $4 a barrel on Monday, extending last week's decline as diplomatic efforts to end the war in Ukraine geared up and markets braced for higher U.S. interest rates. Brent crude futures were last down by 3.4% at $108.86 a barrel at 0741 GMT on Monday. |
15/03/2022 |
Oil prices extended losses on Tuesday, sliding to a two-week low as ceasefire talks between Russia and Ukraine eased fears of further supply disruptions and surging COVID-19 cases in China fuelled concerns about slower demand. Brent futures dropped 5.6% to $100.95 a barrel by 0747 GMT after tumbling by more than $6 to $100.05 earlier in the session. |
16/03/2022 |
Oil prices rose as much as $3 on Wednesday, bouncing back after earlier declines, as Russia's invasion of Ukraine continues to stoke volatile trading with ceasefire talks the latest market trigger. Brent futures were last up 2.6%, at $102.55 a barrel by 0730 GMT. |
17/03/2022 |
Oil prices climbed about 3% on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels a day (bpd) of Russian crude and refined products from April. Benchmark Brent crude futures gained 3.1%, to $101.09 a barrel by 0844 GMT, after falling for three consecutive trading sessions. |
18/03/2022 |
Oil prices extended their gains on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine raised the spectre of tighter sanctions and a prolonged disruption to oil supply. Brent crude futures rose 0.8%, to $107.46 a barrel at 0742 GMT, after surging nearly 9% on Thursday in the largest percentage gain since mid-2020. |
21/03/2022 |
Oil prices jumped more than $3 on Monday, with Brent above $111 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a weekend attack on Saudi oil facilities caused jitters. Brent crude futures climbed 3.5%, to $111.67 a barrel by 0739 GMT, adding to a 1.2% rise last Friday. |
22/03/2022 |
Oil slipped below $114 a barrel on Tuesday, giving up some of the previous day's 7% surge, as European Union members disagreed on a potential oil embargo on Russia, although persistent supply risks limited the decline. Brent crude fell 1.7%, to $113.70 a barrel at 0920 GMT. U.S. West Texas Intermediate crude slipped 2.5%, to $109.3. Both contracts had settled up more than 7% on Monday |
23/03/2022 |
Oil prices rose on Wednesday amid volatile trading on increasing concerns of global supply tightness from sanctions imposed on Russia, the world's second-largest oil exporter, and on signs that exports from Kazakhstan may be disrupted. Brent crude futures were up 0.82%, to $116.43 a barrel at 0816 GMT. Prices earlier rose to as high as $117.70 and at one point fell to a low of $114.45. The contract fell 14 cents in the previous session. |
24/03/2022 |
Crude prices declined in volatile trading on Thursday as investors assessed the potential for new supply in tight markets amid prospects of a new Iran deal. Brent futures were down 0.12%, at $121.45 a barrel, after falling more than $1 earlier in the session. |
25/03/2022 |
Oil prices slipped on Friday, with some supply concerns easing on expectations that crude exports would resume from Kazakhstan's CPC terminal, while the European Union remained split on whether to impose an oil embargo on Russia. Brent fell 1.3%, to $117.47 a barrel at 0800 GMT and U.S. West Texas Intermediate (WTI) crude slid $1.56, or 1.4%, to $110.78 a barrel, after both had dropped more than 2% the previous session. |
28/03/2022 |
Oil prices tumbled more than $5 on Monday as fears over weaker fuel demand in China grew after financial hub Shanghai launched a two-stage lockdown to contain a surge in COVID-19 infections. The Market kicked off another week of uncertainty, buffeted on one side by the war between Ukraine and Russia, the world's second-largest crude exporter, and expansion of COVID-related lockdowns in China, the largest crude importer globally. Brent crude futures slid as low as $115.32 a barrel and were trading down 4.3%, at $115.50 at 0731 GMT |
29/03/2022 |
Oil prices on Tuesday extended losses from the previous day as Ukraine and Russia headed for peace talks and on concerns about demand as China's financial hub of Shanghai shut down to curb a surge in COVID-19 cases. Brent crude futures were down 0.5%, at $111.88 a barrel at 0649 GMT, having fallen as low as $109.97. |
30/03/2022 |
Oil prices clawed back heavy losses to rise more than 2% on Wednesday on supply tightness and the growing prospect of new Western sanctions against Russia even as signs of progress emerged from peace talks between Moscow and Kyiv. Brent crude futures were up 2.4% at $112.81 by 0703 GMT, reversing a 2% loss in the previous session. |
31/03/2022 |
Oil prices plunged on Thursday on news that the United States was considering the release of up to 180 million barrels from its strategic petroleum reserve, the largest in the near 50-year history of the SPR. Brent crude futures for May fell 3.6%, to $109.34 a barrel by 0637 GMT. |
01/04/2022 |
Oil prices fell about $1 on Friday, ahead of a meeting of consuming nations to discuss a new release of emergency oil reserves alongside a huge planned release by the United States. Brent crude futures slid to $103.92 a barrel, after dropping 5.6% on Thursday. |
04/04/2022 |
Oil rose above $105 a barrel on Monday as concern about tight supply arising from Russia's invasion of Ukraine and the lack of an Iranian nuclear deal persisted despite countries releasing oil from strategic reserves. Brent crude was up 0.6%, to $105.02 a barrel by 0805 GMT. U.S. |
05/04/2022 |
Oil prices rose on Tuesday as the United States and Europe planned new sanctions to punish Russia over alleged war crimes in Ukraine, raising concerns of tighter global supply, while Iran's nuclear talks with world powers stalled. Brent crude was up 0.8%, to $108.43 a barrel at 0801 GMT, and U.S. West Texas Intermediate was up 0.8%, at $104.06 a barrel. |
06/04/2022 |
Oil futures rose on Wednesday, paring early losses, as the threat of new sanctions on Russia raised supply concerns, countering fears of weaker demand following a build in U.S. crude stockpiles and Shanghai's extended lockdown. Brent crude futures were up 0.5%, at $107.13 a barrel as of 0657 GMT, having fallen to $105.06 earlier in the session. |
07/04/2022 |
Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, as worries over tight supplies still clouded the market outlook. Brent crude futures climbed 1.4%, to $102.52 a barrel at 0651 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 1.6%, to $97.78 a barrel. |
08/04/2022 |
Oil prices rose on Friday but were set to drop around 3% for the week as consuming countries' planned release of 240 million barrels from emergency stocks offset some concerns over reduced supplies from Russia because of western sanctions. Brent crude futures advanced 0.2% to $100.77 a barrel at 0736 GMT. U.S. West Texas Intermediate (WTI) crude futures gained 4%, to $96.37a barrel. |
11/04/2022 |
Oil prices dropped more than $2 a barrel on Monday, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from strategic stocks and as China's lockdowns continued. Brent crude was down 2.0%, at $100.73 a barrel by 0620 GMT, while U.S. West Texas Intermediate crude lost 2.2%, to $96.09. Last week, Brent dropped 1.5% while U.S. oil slid 1%. For several weeks, the benchmarks have been at their most volatile since June 2020 |
12/04/2022 |
Oil prices climbed on Tuesday on easing concerns about demand in China after Shanghai relaxed some COVID-19-related restrictions and OPEC warned it would be impossible to increase output enough to offset lost Russian supply. Brent crude futures were up 3.03% to $101.46 a barrel, and U.S. West Texas Intermediate was up 3.18% to $97.29 a barrel at 0640 GMT. Both contracts had settled down around 4% on Monday |
13/04/2022 |
Oil prices edged up on Wednesday after Moscow said peace talks with Ukraine had hit a dead end, fuelling supply worries, while weak economic data from China and Japan kept a lid on gains. Brent crude rose 0.2%, to $104.86 a barrel at 0626 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 0.1%, to $100.68 a barrel, after dropping earlier in the session. The benchmarks had surged more than 6% on Tuesday. |
14/04/2022 |
Oil prices slipped on Thursday amid thin trading volumes ahead of a public holiday, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply. Brent futures were down 1.1%, at $107.64 a barrel, while U.S. West Texas Intermediate futures were off 1.3%, at $102.93 a barrel at 0632 GMT. |
19/04/2022 |
Oil prices see-sawed on Tuesday as investors fretted over tight global supplies after Libya halted some exports and as factories in Shanghai prepared to reopen post a COVID-19 shutdown, easing some demand worries. Brent crude was down 0.23%, to $112.90 a barrel at 0643 GMT, after rising more than $1 to $114.21 earlier in the session |
20/04/2022 |
Oil prices rebounded on Wednesday from sharp losses in the previous session as concerns about tighter supplies from Russia and Libya dominated, while industry data showed a drop in U.S. crude inventories last week. Brent crude futures rose 0.6%, to $107.91 a barrel by 0623 GMT while the front-month WTI crude futures contract, which expires on Wednesday, rose 0.5%, to $103.02 a barrel. |
21/04/2022 |
Oil prices rose on Thursday as concerns about supply due to a potential European Union (EU) ban on Russian oil came to the fore, days after diminished supplies from Libya rocked the market. Brent crude futures rose 1.24%, to $108.12 a barrel at 0636 GMT. U.S. West Texas Intermediate (WTI) crude futures gained 1.23%, to 103.45 a barrel, adding to a 19 cent gain in the previous session |
22/04/2022 |
Oil prices extended losses on Friday, burdened by the prospect of interest rate hikes, weaker global growth and COVID-19 lockdowns in China hurting demand, even as the European Union weighed a ban on Russian oil. Brent crude futures were down 1.2%, at $107.03 a barrel at 0603 GMT, while U.S. West Texas Intermediate (WTI) crude futures had declined 1.2%, to $102.52 a barrel. |
25/04/2022 |
Oil prices slumped to about two-week lows on Monday, extending losses from last week, as concerns grew that prolonged COVID-19 lockdowns in Shanghai and potential U.S. rate hikes would hurt global economic growth and demand for fuel. Brent crude futures were down 3.7%, at $102.72 a barrel by 0644 GMT. They touched $102.47 earlier in the session, the lowest since April 12 |
26/04/2022 |
Oil prices bounced on Tuesday, steadying after a sharp fall of 4% in the previous session, as worries over China's fuel demand were soothed by the central bank's pledge to support an economy hit by renewed COVID-19 curbs. Brent crude futures were up 0.58%, at $102.91 a barrel after rising to $103.93 earlier in the session. |
27/04/2022 |
Oil prices extended gains on Wednesday amid simmering geopolitical tensions as Russia cut gas supplies to Bulgaria and Poland, while hopes of Chinese economic stimulus buoyed the demand outlook. Brent crude futures rose 0.6%, to $105.66 a barrel by 0636 GMT. U.S. West Texas Intermediate crude futures gained 0.4%, to $102.14 a barrel. |
28/04/2022 |
Oil prices dropped on Thursday on caution about dwindling fuel demand in China, the world's biggest oil importer, due to the economic impact of COVID-19 restrictions. Brent crude futures had fallen 0.59%, to $104.70 a barrel by 0712 GMT. |
29/04/2022 |
Oil prices rose for a fourth day on Friday as Russian supply disruption fears trumped COVID-19 lockdowns in China, the world's biggest crude importer, that are weighing on demand. Brent crude futures rose 0.8%, to $108.47 a barrel by 0639 GMT after gaining 2.1% in the previous session. The front-month June contract expires later on Friday. The more active July contract rose 97 cents to $108.23 a barrel. |
03/05/2022 |
Oil prices slipped on Tuesday in a second day of thin trading in Asia, pulled in opposite directions by China's COVID-19 lockdowns, which could weigh on fuel demand, and prospects for a supply hit from a possible European oil embargo on Russia. Brent crude futures fell 0.2%, to $107.35 a barrel at 0532 GMT, wiping out gains earlier in the day in trading thinned by holidays in China, Japan and parts of Southeast Asia .U.S. West Texas Intermediate (WTI) crude futures similarly dropped 0.2%, to $104.94 a barrel, after hitting an intraday high of $105.80. |
04/05/2022 |
Oil prices bounced on Wednesday ahead of an announcement by the U.S. Federal Reserve and further sanctions on Russia by the European Union, offsetting demand worries in top importer China. Brent crude futures had risen 1.4%, to $106.43 a barrel by 0616 GMT amid thin trading volume, with China and Japan closed for holidays. |
05/05/2022 |
Oil prices extended gains on Thursday on supply concerns as the European Union proposal laid out plans for new sanctions against Russia, including an embargo on crude in six months, offsetting concerns over weaker Chinese demand. Brent crude futures had climbed 0.8%, to $110.99 a barrel by 0638 GMT, while U.S. West Texas Intermediate crude futures rose 0.6%, to $108.46 a barrel. |
06/05/2022 |
Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned prices ahead of an impending European Union embargo on Russian oil. Brent futures rose 0.8%, to $111.78 a barrel by 0641 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 84 cents, or 0.8%, to $109.10 a barrel. |
09/05/2022 |
Oil prices slipped on Monday, along with stock markets in Asia, sparked by weak China data and fears a global recession could dampen oil demand, with investors eying European Union talks on a Russian oil embargo that could tighten global supplies. Brent crude lost 0.4%, to $111.98 a barrel by 0603 GMT. U.S. West Texas Intermediate crude was at $109.24 a barrel, down 0.5%. Both contracts briefly turned positive after falling more than $1 earlier in the session. |
10/05/2022 |
Oil prices dropped more than 1% on Tuesday, extending the previous day's steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed worries about the outlook for global demand. Brent crude was down 1.1%, at $104.75 a barrel at 0607 GMT after slipping to as low as $103.19. |
11/05/2022 |
Oil rebounded on Wednesday after plunging nearly 10% over the previous two sessions, buoyed by supply concerns as the European Union works on gaining support for a ban on Russian oil and as major producers warned they may struggle to fill the gap when demand improves. Brent crude was up 2.41%, to $104.84 a barrel at 0658 GMT, while U.S. West Texas Intermediate crude climbed 2.24%, to $101.97 a barrel |
12/05/2022 |
Oil prices dropped more than 1% on Thursday in a volatile week as economic concerns and recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe. Brent crude futures slipped 1.2%, to $106.19 a barrel by 0646 GMT. WTI crude futures fell 1.4%, to $104.19 a barrel. |
13/05/2022 |
Oil prices rose around 1.5% on Friday but were headed for their first weekly loss in three weeks as worries about inflation and China's COVID lockdowns slowing global growth offset concerns about dwindling fuel supplies from Russia. Brent crude futures were up 1.6%, at $109.13 a barrel at 0602 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed 1.3%, to $107.53 a barrel. |
16/05/2022 |
Oil prices fell on Monday, paring early gains as investors took profit following a surge in the previous session, albeit in the shadow of supply fear as the European Union prepares an import ban on Russian crude and with limited increase in OPEC output. Brent crude futures were down 1.3%, at $110.13 a barrel at 0653 GMT, while U.S. West Texas Intermediate (WTI) crude futures were 1.0%, lower at $109.39 a barrel. |
17/05/2022 |
Oil hit its highest in seven weeks on Tuesday, supported by the European Union'songoing push for a ban on Russian oil imports that would tighten supply and as investors focused on higher demand from an easing of China's COVID lockdowns. Brent crude rose as high as $115.14, its highest since March 28 2022. |
18/05/2022 |
After hitting seven-week highs, oil prices slumped 2% on Tuesday as Reuters reported that the United States could ease some restrictions on Venezuela's government, raising hopes that the market could see some additional supplies. rent crude fell 2%, to settle at $111.93 a barrel, and U.S. West Texas Intermediate (WTI) crude fell 1.6%, to settle at $112.40 a barrel. |
19/05/2022 |
Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth. Brent crude futures for July were up 1.2%, at $110.43 a barrel at 0700 GMT, after falling by more than $1 earlier in the session. |
20/05/2022 |
Oil prices fell on Friday as investors worried that weakening global economic growth and tighter central bank monetary policy could curb a recovery in fuel demand. Brent futures for July fell 0.53%, to $111.45 a barrel by 0648 GMT, while U.S. West Texas Intermediate (WTI) crude for June fell 0.5%, to $111.65 on its last day as the front-month. |
23/05/2022 |
Oil prices gained on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown fuelled worries about a sharp slowdown in growth. Brent crude futures rose to $113.52 a barrel at 0651 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed 0.73%, to $111.08 a barrel, adding to last week's small gains for both contracts. |
24/05/2022 |
Oil prices fell by more than $1 on Tuesday as concerns over a possible recession and China's COVID-19 curbs outweighed an expectation of tight global supply and a pick-up in fuel demand with the U.S. summer driving season. Brent crude futures for July fell 1.2%, to $112.08 a barrel by 0606 GMT |
25/05/2022 |
Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the upcoming start of the summer driving season in the United States, the world's biggest crude consumer. Brent crude futures for July rose 0.4%, to $114.00 a barrel by 0619 GMT. Brent futures gained 0.1% on Tuesday and are up for a fifth day. |
26/05/2022 |
Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter, after it invaded Ukraine. Brent crude futures for July settlement gained 0.41%, to $114.50 a barrel at 0656 GMT. |
27/05/2022 |
Oil prices dipped on Friday but stayed near a two-month high, with Brent crude on track for its biggest weekly jump in 1-1/2 months, supported by the prospect of an EU ban on Russian oil and the upcoming U.S. summer driving season. Brent crude futures for July were down 0.2%, at $117.19 a barrel at 0642 GMT after rising as high as $118.17 earlier in the session. The benchmark was still on track for a gain of about 4% this week. |
30/05/2022 |
Oil prices rose on Monday, hitting their highest in more than two months, as traders waited to see whether the European Union would reach an agreement on banning Russian oil imports. The Brent crude futures contract for July, which will expire on Tuesday, was up 0.4%, at $119.90 a barrel at 0659 GMT, after rising as high as $120.50 earlier in the session. The August Brent contract , which is more active, rose 0.5%, to $116.17 a barrel. |
31/05/2022 |
Oil prices extended gains on Tuesday after the EU agreed to slash oil imports from Russia, fuelling worries of a tighter market already strained for supply amid rising demand ahead of peak U.S. and European summer driving season. Brent crude for July, which expires on Tuesday, rose 1.8%, to $123.86 a barrel at 0650 GMT, after earlier rising to $124.10 - its highest since March 9. The more active August contract rose $2.25 to $119.85. |
01/06/2022 |
Oil prices inched higher on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai. Brent crude for August delivery was up 0.3%, at $115.95 a barrel at 0605 GMT. The contract settled down 1.7% on Tuesday. The Brent contract for July delivery expired on Tuesday at $122.84 a barrel, up 1%. U.S. West Texas Intermediate (WTI) crude rose 0.3%, to $115.04 a barrel. |
03/06/2022 |
Oil prices edged higher on Friday as markets shrugged off the decision of OPEC+ to increase production and questioned whether the incremental output would make up for lost Russian supply and meet China's growing demand amid easing COVID restrictions. U.S. West Texas Intermediate (WTI) crude futures to $116.94 a barrel at 0640 GMT, while Brent crude futures rose to $117.79 a barrel. |
06/06/2022 |
Oil futures gained on Monday, with Brent rising above $120 a barrel after Saudi Arabia raised prices for its crude sales in July, signalling tight supply even after OPEC+ producers agreed to accelerate output increases over the next two months. Brent crude firmed 0.6%, to $120.40 a barrel at 0640 GMT after touching an intraday high of $121.95, extending a 1.8% gain from Friday. U.S. West Texas Intermediate (WTI) crude futures were up 61 cents, or 0.5%, at $119.48 a barrel after earlier hitting a three-month high of $120.99. It gained 1.7% on Friday. |
07/06/2022 |
Oil prices edged higher on Tuesday on an expected demand recovery in China as the world's second-biggest economy relaxes tough COVID-19 curbs, and on doubts that a higher output target by OPEC+ producers would ease tight supply. Brent crude futures were up 0.2%, at $119.79 barrel at 0601 GMT. |
08/06/2022 |
Oil prices drifted higher on Wednesday, anticipating a report of low U.S. oil stocks, while expectations of solid demand in the upcoming driving season also lent support. Brent crude futures for August were up 0.3%, at $120.97 a barrel at 0649 GMT after closing on Tuesday at the highest since May 31. |
09/06/2022 |
Oil prices gave up early gains on Thursday after parts of Shanghai imposed new COVID-19 lockdown measures, outweighing news of China’s stronger-than-expected exports in May. Brent crude futures for August dipped 0.1%, to $123.43 a barrel at 0630 GMT, while U.S. West Texas Intermediate crude for July was at $121.91 a barrel, down 0.2%. |
10/06/2022 |
Oil prices slipped on Friday but remained within touching distance of three-month highs as fears over new COVID-19 lockdown measures in Shanghai outweighed solid demand for fuels in the United States, the world's top consumer. Brent crude futures for August were down 0.3%, at $122.74 a barrel at 0647 GMT, after dropping to as low as $121.60 earlier in the session and declining 0.4% on the previous day. |
13/06/2022 |
Oil prices dropped more than $2 on Monday as a flare-up in COVID-19 cases in Beijing dashed hopes for a rapid pick-up in China's fuel demand, while worries about global inflation and sluggish economic growth further depressed the market. Brent crude futures fell 1.89%, to $119.71 a barrel by 0647 GMT, while U.S. West Texas Intermediate crude was at $118.4 down 1.88%. |
14/06/2022 |
Oil prices rose about $1 in volatile trade on Tuesday as tight global supplies outweighed worries that fuel demand would be hit by a possible recession and fresh COVID-19 curbs in China. U.S. West Texas Intermediate (WTI) crude rose 96 cents, or 0.8% to $121.89 a barrel at 0634 GMT, while Brent crude futures rose 0.9%, to $123.32 a barrel. |
15/06/2022 |
Oil prices rose on Wednesday, rebounding from losses earlier in the session amid concerns over fuel demand and the broader economy ahead of an expected big hike in interest rates by the U.S. Federal Reserve. In a volatile session, Brent crude futures for August were up 0.4%, at $121.63 a barrel as of 0642 GMT after falling to as low as $120.65 earlier in the session on the back of a 0.9% decline on Tuesday. |
16/06/2022 |
Oil prices recovered on Thursday from a steep drop in the previous session, supported by tight oil supply and peak summer consumption, after a hefty U.S. rate hike sparked fears of slower economic growth and less fuel demand. Brent crude futures rose 0.7%, to $119.37 a barrel by 0644 GMT while U.S. West Texas Intermediate (WTI) crude futures climbed to $116.27 a barrel, up 0.8%. |
17/06/2022 |
Oil prices edged lower on Friday as demand concerns emerged following this week's rate hikes, although persisting supply tightness and new sanctions on Iran limited the downside. Brent crude futures fell 0.3%, to $119.46 a barrel at 0620 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell to $117.16 a barrel, down 0.4%. |
20/06/2022 |
Oil prices rose on Monday in volatile trade, reversing earlier losses, as tightening supplies outweighed concerns about slowing global economic growth and fuel demand. Brent crude futures rose 0.4%, to $113.54 a barrel by 0633 GMT. Front-month prices tumbled 7.3% last week, their first weekly fall in five. |
21/06/2022 |
Oil prices rose on Tuesday, clawing back more of last week's losses as investors focused on tight supplies of crude and fuel products rather than concerns about a recession dampening demand going forward. Brent crude futures rose 0.7%, to $114.94 a barrel at 0703 GMT, adding to a 0.9% gain on Monday. The benchmark contract fell 7.3% last week in its first weekly fall in five. |
22/06/2022 |
Oil prices tumbled by more than $6 a barrel on Wednesday amid a push by U.S. President Joe Biden to cut fuel costs for drivers in the latest episode to aggravate relations between the White House and the U.S. oil industry. Brent crude futures were down 4.5%, to $109.55 a barrel while U.S. West Texas Intermediate (WTI) futures were down or 5.9%, at $104.15 as of 0800 GMT. |
23/06/2022 |
Oil prices continued to retreat on Thursday as investors reassessed the risks of recession and the impact ofinterest rate hikes in major economies on fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell 1.3%, to $104.78 a barrel by 0643 GMT. Brent crude futures fell 1.2%, to $110.40. |
24/06/2022 |
Oil prices edged higher amid a volatile trading session on Friday, as supply uncertainty outweighed fears of slower demand from cooling U.S. economic activity. Brent crude futures climbed 0.3%, at $110.36 a barrel by 0630 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up at $104.86 a barrel. |
27/06/2022 |
Oil prices edged down on Monday in a volatile session as investors stood on guard for any moves against Russian oil and gas exports that might come out of a meeting of leaders of the Group of Seven (G7) nations in Germany. Brent crude futures edged down to $113.04 a barrel by 0632 GMT after rebounding 2.8% on Friday. |
28/06/2022 |
Oil prices rallied for a third day on Tuesday as major producers Saudi Arabia and the United Arab Emirates looked unlikely to be able to boost output significantly, while political unrest in Libya and Ecuador added to supply concerns. U.S. West Texas Intermediate (WTI) crude futures rose 1.6%, to $111.36 a barrel by 0644 GMT, extending a 1.8% gain in the previous session. Brent crude futures climbed 1.7%, to $116.99, adding to a 1.7% rise in the previous session. |
29/06/2022 |
Oil prices fell on Wednesday, taking a break after gaining for three sessions, as concerns about the global economy weighed while tight supply curbed losses. Brent crude futures for August dropped 0.8%, to $117.00 a barrel by 0647 GMT. The August contract will expire on Thursday and the more-active September contract was at $113.03, down 0.7%. |
30/06/2022 |
Oil prices edged lower in volatile trading on Thursday as the market weighed concerns of global supply and a build in U.S. fuel product inventories. Brent crude futures for September, the more actively traded contract, were down 0.4%, to $112.00 per barrel at 0711 GMT. |
01/07/2022 |
Oil prices fell on Friday, extending the previous day's plunge, as lingering fears of a recession weighed on sentiment, putting the benchmarks on track for their third straight weekly losses. Brent crude futures were down 0.4%, at $108.60 a barrel by 0653 GMT, giving up earlier gains of more than $1 |
04/07/2022 |
Oil prices reversed losses and edged up on Monday as concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia outweighed fears of a global recession. Brent crude futures for September rose 0.5%, to $112.18 a barrel at 0650 GMT, after falling over $1 in early trade. |
05/07/2022 |
Brent oil prices dipped on Tuesday, reversing earlier gains of $1, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears, highlighted by a potential production cut in Norway. Brent crude futures for September settlement fell by 0.5%, to $112.89 a barrel by 0638 GMT. |
06/07/2022 |
Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession linger. Brent crude futures rose as much as 2.9%, to $105.85 a barrel in early trade after plunging 9.5% on Tuesday, the biggest daily drop since March. |
07/07/2022 |
Oil prices regained some footing on Thursday after steep losses in the previous two sessions, as investors returned their focus to tight supplies even as fears of a global recession persisted. Brent crude futures rose 0.2%, to $100.85 a barrel by 0637 GMT. WTI crude futures climbed 0.2%, to $98.71 a barrel. Prices swung between about $2 in losses and gains of nearly $1 in the volatile session. |
08/07/2022 |
Oil slipped in volatile trade on Friday and was heading for a weekly decline as concern over a potential recession-driven demand downturn outweighed tight global supplies. Brent crude fell 0.3%, to $104.29 a barrel by 0820 GMT and U.S. West Texas Intermediate crude dropped 0.5%, to $102.23. |
11/07/2022 |
Oil prices fell on Monday in volatile trade, reversing some gains from the previous session as markets braced for new mass COVID testing in China potentially hitting demand, a worry that outweighed ongoing concerns about tight supply. Brent crude futures fell 1%, to $106.00 at 0605 GMT, after climbing 2.3% on Friday. |
12/07/2022 |
Oil prices fell on Tuesday as fresh COVID-19 curbs in China, the world's biggest crude importer, and fears of a global economic slowdown weighed on the outlook for fuel demand. Brent crude futures for September had fallen 1.7%, to $105.29 a barrel by 0633 GMT, while U.S. West Texas Intermediate crude for August delivery was at $102.14 a barrel, down 1.9% |
13/07/2022 |
Oil edged up on Wednesday, a day after prices fell through $100 a barrel for the first time since April, but gains were limited by caution ahead of U.S. inflation data that could weaken the market. Brent crude futures were up 0.5%, at $99.97 a barrel at 0630 GMT. U.S. West Texas Intermediate crude gained 0.5%. |
14/07/2022 |
Oil prices fell on Thursday as investors weighed tight supplies against the prospect of a large U.S. rate hike that could stem inflation and curb crude demand. Brent crude futures for September were down to $99.39 a barrel at 0727 GMT after settling below $100 for the second straight session on Wednesday. |
15/07/2022 |
Oil prices rose on Friday amid prospects of a less aggressive U.S. rate hike, although worries about a recovery in demand capped gains. Brent crude futures for September delivery rose 1.0%, to $100.04 a barrel by 0630 GMT, while WTI crude rose 0.7%, to $96.41 a barrel. |
18/07/2022 |
Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread COVID-19 lockdowns in China again reducing fuel demand. Brent crude futures for September settlement rose 2.4%, to $103.60 a barrel by 0900 GMT, having advanced by 2.1% on Friday. |
19/07/2022 |
Oil rose slightly on Tuesday, paring earlier losses and after soaring by more than $5 barrel in the previous session, amid concerns about tight supply. Brent crude futures for September settlement gained 17 cents to $106.51 a barrel by 0645 GMT. The contract rose 5.1% on Monday, the biggest percentage gain since April 12. |
20/07/2022 |
Oil prices slumped more than $1 a barrel on Wednesday, pressured by global central bank efforts to tame inflation and ahead of expected builds in U.S. crude inventories as product demand weakens. Brent crude prices for September fell 1.4%, to $105.85 a barrel by 0645 GMT, while U.S. West Texas Intermediate (WTI) crude for August slipped 1.3%, to $102.82 per barrel. The WTI contract will expire later on Wednesday. |
21/07/2022 |
Oil prices fell for a second session on Thursday after higher U.S. gasoline stockpiles stoked demand worries and returning energy supply from Libya and Russia eased supply concerns. Brent crude futures dropped 2.2%, to $104.56 a barrel by 0816 GMT after slipping 0.4% in the previous session. U.S. West Texas Intermediate crude futures fell 2.5%, to $97.39 a barrel following a 1.9% drop on Wednesday. |
22/07/2022 |
U.S. crude prices settled below $95 a barrel for the first time since April in choppy trading on Friday after the European Union said it would allow Russian state-owned companies to ship oil to third countries under an adjustment of sanctions agreed by member states this week. U.S. West Texas Intermediate crude (WTI) settled 1.7%, lower at $94.70 a barrel, while Brent crude futures fell 0.6%, to $103.20 |
25/07/2022 |
Oil prices dropped on Monday, extending a recent losing streak on concerns that an expected rise in U.S. interest rates would weaken fuel demand. Brent crude futures for September settlement fell 1.2%, to $102.01 a barrel by 0645 GMT, down for a fourth day. |
26/07/2022 |
Oil prices rose on Tuesday for a second day on increasing concerns about tightening European supply after Russia, a key energy supplier to the region, cut gas supply through a major pipeline.Brent crude futures rose 1%, to $106.29 a barrel by 1029 GMT, extending a 1.9% gain the previous day. |
27/07/2022 |
Oil rose by $1 a barrel on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker demand and a looming U.S. interest rate hike. Industry group the American Petroleum Institute said on Tuesday crude stocks fell by 4 million barrels, four times the forecast decline. The Energy Information Administration's official figures are out at 1430 GMT. "Coupled with the Fed decision on interest rates, today is sure to be a heavy U.S.-centric session," said Stephen Brennock of oil broker PVM. Brent crude rose 0.9%, to $105.31 a barrel at 0811 GMT. U.S. West Texas Intermediate (WTI) crude gained 1.2%, to $96.14. |
28/07/2022 |
Oil rose more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors as lower crude inventories and a rebound in gasoline demand in the United States supported prices. Brent crude futures for September rose 1.1%, to $107.75 a barrel by 0619 GMT, after gaining $2.22 on Wednesday. |
29/07/2022 |
Oil prices were broadly steady on Friday, lifted by supply concerns as attention turns to the next meeting between OPEC and its allies, though fears of recession capped gains. U.S. West Texas Intermediate (WTI) crude futures for September delivery rose 0.7%, to $97.09 a barrel by 0640 GMT, reversing losses from the previous session and on track for a nearly 3% rise for the week. |
01/08/2022 |
Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on the outlook for demand, while investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments. Brent crude futures were down 0.8%, at $103.15 a barrel at 0608 GMT. U.S. West Texas Intermediate crude was at $97.44 a barrel, 1.2%. |
02/08/2022 |
Factories across the United States, Europe and Asia struggled for momentum in July as flagging global demand and China's strict COVID-19 restrictions slowed production, surveys showed on Monday, likely adding to fears of economies sliding into recession. A series of purchasing managers' indexes (PMIs) for July showed new orders falling in the manufacturing powerhouses although they did show price pressures may be waning. |
03/08/2022 |
Oil prices dipped on Wednesday ahead of a meeting of OPEC+ producers at which producers are expected to keep output steady with spare capacity limited and against the backdrop of fears that a slowdown in global growth will hit fuel demand. Brent crude futures were down 1.3%, at $99.20 a barrel at 0815 GMT. West Texas Intermediate (WTI) crude futures fell 1.4%, to $93.14 a barrel. |
04/08/2022 |
Oil prices rose on Thursday as supply concerns triggered a rebound from multi-month lows plumbed in the previous session after U.S. data signalled weak fuel demand. Brent crude futures rose 0.1%, at $96.88 a barrel at 0653 GMT, while West Texas Intermediate (WTI) crude futures was last up 0.2% gain, at $90.87. |
05/08/2022 |
Oil prices rose slightly on Friday, bouncing off their lowest levels since February, as concern over supply shortages was countered by expected declines in fuel demand.
Brent crude rose 0.4%, to $94.51 a barrel by 0900 GMT. U.S. West Texas Intermediate crude was up 0.3%, at $88.81. |
08/08/2022 |
Oil prices inched up from multi-month lows on Monday as lingering worries about demand weakening on the back of a darkened economic outlook outweighed some positive economic data from China and the United States.
Erasing earlier gains, Brent crude futures were down 0.5%, at $94.41 a barrel by 0816 GMT. U.S. West Texas Intermediate crude was at $88.58 a barrel, down 0.5%. |
09/08/2022 |
Japan's second-biggest oil refiner Idemitsu Kosan Co (5019.T) on Tuesday raised its annual profit forecast by 70% after reporting record first-quarter earnings, buoyed by higher prices of oil and thermal coal. Like global energy companies, Idemitsu has benefited from stronger crude oil prices, which translate into higher prices for refined products and increased inventory values. Oil prices have hovered above $100 per barrel in the April to June quarter on tight supplies following Western sanctions on Russia, a major producer, and as energy consumption returned to near pre-pandemic levels. |
10/08/2022 |
Oil prices edged lower on Wednesday on expectations that Druzhba pipeline flows will resume shortly and demand concerns ahead of publication of key demand indicators.
Brent crude futures fell 0.76%, to $95.58 a barrel by 0928 GMT |
11/08/2022 |
Oil prices rose by over 1% on Thursday after the International Energy Agency raised its oil demand growth forecast for this year as soaring gas prices drive some consumers to switch to oil. |
|
|
12/08/2022 |
Oil prices dropped in Asia trade on Friday amid an uncertain demand outlook, though benchmark contracts were headed for weekly gains as recession fears eased. Brent crude futures fell 0.5%, to $99.11 a barrel at 0330 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 0.5%, to $93.84 a barrel. |
15/08/2022 |
Oil prices dropped for a second session on Monday as weak China economic data triggered concerns about demand at the world's largest crude importer while the head of the world's top exporter, Saudi Aramco, said it was ready to ramp up output.
Brent crude futures fell 1.2%, to $97.01 a barrel by 0631 GMT after settling 1.5% lower on Friday. U.S. West Texas Intermediate crude was at $91.03 a barrel, dowN 1.2%, after a 2.4% drop in the previous session. |
16/08/2022 |
Oil prices fell on Tuesday as bleak economic data from top crude buyer China renewed concerns of a global recession and the market monitored talks on a reviving deal that could allow more Iranian oil exports. |
|
|
17/08/2022 |
Oil fell on Wednesday to a six-month low after a brief respite as concerns about the prospect of a global recession that would weaken demand overshadowed a report showing lower U.S. crude and gasoline stocks. |
|
|
18/08/2022 |
Oil prices rose on Thursday as robust U.S. fuel consumption data and expected falls in Russian supply late in the year offset concerns that a possible looming recession could undercut demand. |
|
|