LIVE GRAPH Oil price evolution

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02/01/2024 Oil prices jumped in the first session of the New Year, boosted by the chances of Middle East supply disruptions after a naval clash in the Red Sea, as well as hopes of strong holiday demand and an economic stimulus in China, the top importer of crude.
03/01/2024 Oil prices were little changed in Asian trade on Wednesday after sharp moves earlier in the week, as markets weighed concerns about the U.S. economy against potential supply disruptions from ongoing tensions in the Red Sea.
04/01/2024 Oil rose more than 1% on Thursday, adding to gains in the previous session on concerns over Middle Eastern supply following disruptions at an oilfield in Libya and heightened tensions regarding the Israel-Hamas war
05/01/2024 Oil prices edged higher on Friday after minutes from a Federal Reserve meeting suggested inflation was under control and as U.S. Secretary of State Antony Blinken prepared to visit the Middle East to try and prevent the Israel-Gaza conflict from widening.
08/01/2024 Oil prices fell by more than 1% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting worries about escalating geopolitical tension in the Middle East.
09/01/2024 Oil prices steadied on Tuesday after sliding in the previous session, as markets weighed Middle East tensions against demand worries and rising OPEC supply.
10/01/2024 Oil rose for a second day on Wednesday after an industry report showed a bigger-than-expected drawdown of crude inventories in the United States, the world's biggest oil consumer, that bolstered demand sentiment.
11/01/2024 Oil prices edged higher on Thursday on concerns about escalating conflict in the Middle East with more attacks on Gaza and on shipping in the Red Sea, even as a surprise build in U.S. crude stockpiles capped gains.
12/01/2024 Oil prices rose 2% on Friday as the United States and Britain carried out air and sea strikes on Houthi military targets in Yemen in response to attacks by the Iran-backed group on shipping in the Red Sea.
15/01/2024 Oil prices edged up on Monday as traders watched for supply disruption risks in the Middle East following strikes by U.S. and British forces to stop Houthi militia in Yemen from attacking ships in the Red Sea.
16/01/2024 Oil prices were mixed on Tuesday, after posting losses the previous session, as broad economic concerns outweighed continued tensions in the Middle East that led to more tanker diversions.
17/01/2024 Oil fell more than $1 on Wednesday as economic growth in China, the world's second-largest crude user, slightly missed expectations, raising concerns about future demand, while U.S. dollar strength dented investor's risk appetite.
18/01/2024 Oil prices rose on Thursday as the IEA joined producer group OPEC in forecasting relatively strong growth in global oil demand this year, with price impetus also coming from disruption to U.S. output and geopolitical risks in the Middle East.
19/01/2024 Oil prices rose on Friday as geopolitical tensions and oil output disruptions in the U.S., the world's biggest producer, caused by cold weather overshadowed concerns about slow Chinese demand growth and forecasts for ample supply.
23/01/2024 Oil prices eased slightly on Tuesday as traders weighed simmering geopolitical tensions in several regions with supply outages in the U.S. and returning production in Libya.
24/01/2024 Oil seesawed between modest falls and gains on Wednesday as traders weighed the impact on prices stemming from escalating geopolitical tensions, concerns over tepid demand and a stronger dollar. The front-month March contract for Brent crude rose to $79.59 a barrel at 0712 GMT. U.S. West Texas Intermediate crude also ticked up to $74.41 a barrel
25/01/2024 Oil prices rose on Thursday after data showed U.S. crude stockpiles fell more than expected last week and a fresh attack by Houthi forces on ships off Yemen's coast underscored the peril facing trade in a key global transit route. Brent crude futures were up 1.1%, to $80.90 a barrel at 1325 GMT, while U.S. West Texas Intermediate crude was up 1.2%, to $76.01 a barrel.
26/01/2024 Brent crude futures were down 0.6%, to $81.97 a barrel by 0907 GMT. U.S. Thursday's intra-day high of $82.57 is the highest price of the year so far. West Texas Intermediate crude was down 0.6%, at $76.87.
29/01/2024 Oil prices dipped on Monday as China's ailing property sector took another hit while a drone attack on U.S. forces in Jordan added to supply disruption concerns in the Middle East and Houthi militants stepped up attacks on vessels in the Red Sea. Brent crude futures dipped to $83.32 a barrel by 0937 GMT while U.S. West Texas Intermediate crude futures edged down by $77.74.
30/01/2024 Oil prices gained on Tuesday following a more than 1% drop the previous session as escalating geopolitical tensions in major producing region the Middle East fuelled supply concerns. Brent crude futures rose 0.07%, to $82.46 a barrel by 0734 GMT. U.S. West Texas Intermediate crude was up 0.31%, at $76.93 a barrel.
31/01/2024 Oil prices fell on Wednesday as lacklustre economic activity in China, the world's biggest crude importer, weighed on sentiment, but prices were set for their first monthly gain since September as broadening Middle East conflicts raised supply concerns. Brent crude futures for March, which expire today, 0.4%, to $82.56 a barrel by 0700 GMT. The more actively-traded April contract fell to $82.21.
01/02/2024 Oil prices rose on Thursday, supported by signals from the U.S. Federal Reserve on a possible start to rate cuts and on new support measures for China's embattled property market. Brent crude futures climbed to $81.13 a barrel and U.S. West Texas Intermediate crude futures gained to $76.44 at 0919 GMT, after falling by more than $2 a barrel in the previous session.
02/02/2024 Oil prices rose on Friday after the OPEC+ group's decision to keep its production policy unchanged, but benchmarks remained on track for weekly losses on China demand growth fears. Brent crude futures were up 0.6%, at $79.20 a barrel by 1001 GMT and U.S. West Texas Intermediate crude futures gained 0.6%, to $79.20.
05/02/2024 Oil prices nudged higher on Monday, recovering from sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East and as Ukrainian drones struck southern Russia's largest refinery. Brent crude futures rose 0.3%, to $77.59 a barrel by 0709 GMT, while U.S. West Texas Intermediate futures were at $72.41 a barrel, up 0.2%.
06/02/2024 Oil prices held broadly steady on Tuesday as investors waited to see whether a Middle East trip by top U.S. diplomat Antony Blinken will bring a halt to the Gaza war, which has raised concerns about supplies from the major producing region. Brent crude futures dipped to $77.91 a barrel by 0914 GMT, while U.S. West Texas Intermediate crude futures fell to $72.65. Both contracts gained nearly 1% on Monday, rising for the first time in four sessions.
07/02/2024 Oil prices rose for a third day on Wednesday after U.S. crude inventories grew less than expected and a cut in the forecast for output growth in the U.S., the world's biggest producer, reduced the likelihood of oversupply. Brent crude futures rose to $79.10 a barrel as of 1412 GMT, while U.S. West Texas Intermediate crude climbed to $73.88.
08/02/2024 Oil prices gained ground on Thursday as investors considered the impact of Israel's rejection of a ceasefire offer from Hamas and unexpected drops in U.S. fuel stocks. Brent crude futures rose 1.02%, to $80.02 a barrel by 1239 GMT. U.S. West Texas Intermediate crude futures were up 0.97%, at $74.58.
09/02/2024 Oil prices were on track for over 5% gains week-on-week on Friday, amid persistent tensions in the Middle East after Israel rejected a ceasefire offer from Hamas.
12/02/2024 Oil prices slipped on Monday as investors indulged in some profit-taking after both benchmarks ended last week about 6% higher on Middle East tensions and as refining outages squeezed refined products markets. Brent crude futures were down 1%, at $81.37 a barrel, while U.S. West Texas Intermediate crude futures slipped also about 1%, to $76.1 a barrel at 1022 GMT.
13/02/2024 Oil prices edged up on Tuesday as uncertainty over fighting in the Middle East kept markets on edge, but gains were capped by concerns that central banks will keep interest rates higher for longer to battle inflation, weighing on energy demand. Brent futures rose to $82.30 a barrel as of 0924 GMT. U.S. West Texas Intermediate (WTI) crude gained to $77.23 a barrel.
14/02/2024 Oil prices were little changed on Wednesday, holding on to Tuesday's gains on a robust demand growth forecast from OPEC and a sharp decline in U.S. fuel stocks. Brent crude futures rose by 0.14%, to $82.89 a barrel by 1235 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 0.06%, at $77.92.
15/02/2024 Oil prices fell on Thursday after a larger-than-expected jump in U.S. crude inventories raised doubts about the strength of demand in the world's largest economy and top oil consumer. Brent crude futures fell 0.5%, to $81.22 a barrel at 0837 GMT, while U.S. West Texas Intermediate crude futures declined 0.6%, to $76.21 a barrel.
16/02/2024 "There was a tentative attempt to recover yesterday morning, but hopes were shattered after the IEA published its updated supply-demand outlook," said Tamas Varga of oil broker PVM. Brent crude futures were down 0.6%, at $82.33 a barrel at 0915 GMT. U.S. West Texas Intermediate crude futures fell to $77.70.
19/02/2024 Oil prices fell as investor attention returned to the demand outlook after reports of higher producer prices in the U.S., the world's biggest oil user, stoked worries that sticky inflation and higher interest rates would limit fuel consumption growth. Brent crude futures were down 0.7%, at $82.92 a barrel at 0720 GMT. The March contract for U.S. West Texas Intermediate crude , which expires on Tuesday, was 0.5%, lower at $78.78.
20/02/2024 Oil prices edged up on Tuesday, hovering close to three-week highs on heightened Middle East tensions and recovering China demand.
21/02/2024 Oil prices regained some ground in Asian trade on Wednesday amid concerns over attacks on shipping in the Red Sea and growing expectations that cuts to U.S. interest rates will take longer than thought. Brent crude futures rose 24 cents or 0.3% to $82.58 a barrel by 0721 GMT, while U.S. West Texas Intermediate crude futures (WTI) were up 21 cents or 0.3% at $77.25.
22/02/2024 Oil prices rose for a second day on Thursday, buoyed by a softer dollar and another attack on shipping near Yemen. Brent crude futures rose 0.4%, to $83.38 a barrel at 1036 GMT. U.S. West Texas Intermediate crude futures climbed 0.5%, to $78.28 a barrel.
23/02/2024 Oil prices fell on Friday and were on track for a weekly decline after the U.S. central bank indicated that interest rate cuts could be delayed by at least two more months. Brent crude futures were down 1.6%, at $82.32 a barrel by 1313 GMT and U.S. West Texas Intermediate crude futures lost1.7%, to $77.26.
26/02/2024 Oil prices fell on Monday, extending losses on market views that higher than expected inflation could delay cuts to high interest rates that have been capping growth in global fuel demand. Brent crude futures fell 0.6%, to $81.16 a barrel by 1210 GMT. U.S. West Texas Intermediate crude futures (WTI) were down 0.5%, at $76.09.
27/02/2024 Oil prices were largely stable on Tuesday, as investors weighed up signals of a Gaza ceasefire against the reality on the ground in the Middle East. Brent crude futures fell 0.12%, to $82.43 a barrel by 0923 GMT, while U.S. West Texas Intermediate crude futures (WTI) were down 0.09%, to $77.51 a barrel.
28/02/2024 Oil prices pulled back on Wednesday as the prospect of delays to U.S. interest rate cuts and a rise in U.S. crude stocks offset a boost from a potential extension to OPEC+ supply curbs. Brent crude futures fell 90 cents, or $82.75 a barrel by 0902 GMT. U.S. West Texas Intermediate futures (WTI) were down 1.17%, at $77.95.
29/02/2024 Oil prices fell on Thursday after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated added to pressure.
01/03/2024 Oil prices edged lower on Thursday as U.S. inflation data implied a softening of the world's biggest economy that could weaken crude demand, with rising OPEC production also weighing on prices.
04/03/2024 Oil prices were little changed on Monday following the widely expected extension of voluntary output cuts through the middle of the year by the OPEC+ producer group on Sunday. Brent futures slipped to $83.41 a barrel at 1035 GMT after rising 2.4% last week. U.S. West Texas Intermediate (WTI) fell to $79.74 a barrel following a 4.6% gain last week.
05/03/2024 Oil steadied on Tuesday after falling in the previous session as the prospect of a tighter market due to OPEC+ supply restraint offset concern over Chinese growth and uncertainty over the pace of interest rate cuts.
06/03/2024 Oil prices rebounded slightly on Wednesday after four days of declines as signs of supply tightness amid output cuts by major producers overrode demand concerns in China and the U.S., the world's two biggest crude consumers.
07/03/2024 Oil prices were little changed on Thursday as markets weighed new economic data from China against increasing supply from the Western Hemisphere. Brent crude futures settled flat at $82.96 a barrel. U.S. West Texas Intermediate crude futures ended lower at $78.93.
08/03/2024 Oil prices rose on Friday, driven by growing demand in the world's biggest consumers, the United States and China, while the U.S. Federal Reserve gave a positive signal on the possibility of rate cuts. Brent crude futures were up 0.7% at $83.54 a barrel by 0700 GMT. U.S. West Texas Intermediate crude futures rose 0.9%, to $79.62.
11/03/2024 Oil prices extended last week's losses on Monday on concern about slow demand in China, although lingering geopolitical risk surrounding the Middle East and Russia limited the decline. Brent futures fell 0.2%, to $81.96 a barrel as at 0723 GMT, while U.S. West Texas Intermediate (WTI) dropped 0.2%, to $77.8.
12/03/2024 Oil prices rose in Tuesday trade as geopolitical tensions in the Middle East continued to spur concern, but gains were limited on bearish demand sentiment and as the market waited for monthly reports from oil agencies.
13/03/2024 Oil prices rose on Wednesday on expectations of strong global demand, including in the world's top consumer the United States, while somewhat sticky U.S. inflation did not significantly alter expectations that the Fed might start cutting rates soon. Brent futures for May rose 0.3%, to $82.20 a barrel by 0730 GMT. April U.S. West Texas Intermediate crude contract gained 0.4%, to $77.84.
14/03/2024 Oil prices climbed in early trade on Thursday, supported by strong demand in the U.S. after gasoline stocks hit a three month low and crude stockpiles dropped unexpectedly, with supply concerns remaining after Ukrainian attacks on Russian refineries. Brent futures for May climbed 0.13%, to $84.14 a barrel at 0652 GMT, while April U.S. West Texas Intermediate (WTI) crude rose 0.13%, to $79.82 per barrel.
15/03/2024 Oil prices edged lower on Friday but were on track to gain nearly 4% for the week, boosted by the International Energy Agency revising its 2024 oil demand forecasts higher and an unexpected decline in U.S. stockpiles. Brent crude oil futures fell 0.4% to $85.04 a barrel at 0751 GMT, after crossing $85 a barrel for the first time since November on Thursday. U.S. West Texas Intermediate (WTI) crude fell 0.4% to $80.91.
18/03/2024 Oil prices ticked up in Asian trade on Monday, extending gains from last week of nearly 4% on the view that supply was tightening, with the risks heightened by further attacks on Russian energy infrastructure. Brent crude oil futures for May delivery climbed 0.5%, to $85.81 a barrel by 0720 GMT. The April contract for U.S. West Texas Intermediate (WTI) crude was up 0.6%, at $81.53. The more active May delivery contract for WTI traded 0.6%, higher at $81.08 per barrel.
19/03/2024 Oil prices dipped on Tuesday due in part to the prospect of rising supply from Russia, slower-than-expected downstream demand in sectors such as jet fuel, and cautious trading ahead of the Fed's decision on U.S. interest rates. The Brent crude oil futures contract for May delivery slipped to $86.74 a barrel as at 0708 GMT, while U.S. West Texas Intermediate (WTI) prices fell to $82.03. The WTI April contract, with expires tomorrow, fell to $82.59.
20/03/2024 Oil prices edged lower on Wednesday, as a stronger dollar curbed investor appetite while traders took some money off the table after benchmarks rallied to multi-month highs in the previous session.
21/03/2024 Oil prices rebounded on Thursday as U.S. crude and gasoline stock drawdowns lent support despite signs that the U.S. Federal Reserve may keep interest rates higher for longer.
22/03/2024 Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices.
25/03/2024 Oil prices rose in Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while a shrinking U.S. rig count added to upward price pressure.
26/03/2024 Oil was little changed on Tuesday after rising in the previous session as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks while a slightly weaker U.S. dollar offered some support.
while U.S. West Texas Intermediate (WTI) crude futures fell to $81.87 a barrel at 1005 GMT."
27/03/2024 Oil prices fell for a second day on Wednesday after a report that crude stockpiles in the United States, the world's biggest oil user, surged and on signs major producers are unlikely to change their output policy at a technical meeting next week.
28/03/2024 Oil prices edged up on Thursday, following two consecutive sessions of decline, as investors reassessed the latest data on U.S. crude oil and gasoline inventories and returned to buying mode. Brent crude futures for May were up 0.5%, at $86.49 a barrel while the more actively traded June contract rose 0.4%, to $85.77 at 0757 GMT. The May contract expires on Thursday
02/04/2024 Oil prices rose on Tuesday, underpinned by signs that demand may improve China and the U.S., the world's biggest oil consuming nations, and growing concerns of a widening conflict in the Middle East that could affect supply from region.
after reaching the highest close for a front month contract since Oct. 27 in the previous session."
03/04/2024 Oil prices extended gains on Wednesday as investors eyed concerns around crude and fuel supplies, following Ukrainian attacks on Russian refineries and the potential for a widening of the Israel-Hamas war to more directly include Iran.
04/04/2024 Oil prices were steady on Thursday, shored up by concerns about lower supply as major producers keep output cuts in place and on signs of stronger economic growth in the U.S., the world's biggest oil consumer.
05/04/2024 Oil prices extended gains on Thursday, settling up more than $1 as geopolitical tensions and output cuts outweighed caution about U.S. Federal Reserve rate cuts. Brent futures for June rose above $91 a barrel before settling up 1.5%, to $90.65. U.S. West Texas Intermediate (WTI) futures for May settled up 1.4% to $86.59 a barrel.
08/04/2024 Oil prices slid more than $1 a barrel on Monday, with Brent falling below $90, as Middle East tensions eased after Israel withdrew more soldiers from southern Gaza and committed to fresh talks on a potential ceasefire in the six-month conflict.
09/04/2024 Oil prices rose on Tuesday after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza amid concerns the lingering conflict could potentially disrupt supply from the key Middle East producing region. Brent crude futures rose to $90.52 a barrel by 0610 GMT. U.S. West Texas Intermediate (WTI) crude was 10 cents higher at $86.53.
10/04/2024 Oil prices rose on Wednesday after two straight days of losses, as the deadlock in Gaza ceasefire talks renewed uncertainty about the security of supplies from the Middle East, offsetting a bigger-than-expected build in U.S. crude inventories. Brent crude futures were up at $89.67 per barrel at 0650 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose to $85.47
11/04/2024 Oil prices slipped on Thursday as persistent inflation dampened rate cut optimism but stayed near six-month highs as investors braced for a potential attack on Israeli interests by Iran.
while U.S. West Texas Intermediate crude futures lost 0.3% to $85.91 a barrel"
12/04/2024 Oil rose on Friday as heightened tensions in the Middle East raised the risk of supply disruptions from the oil-producing region, though the market is set for a weekly loss on expectations of fewer U.S. interest rate cuts this year.
15/04/2024 Oil prices fell on Monday as market participants dialled back risk premiums following Iran's weekend attack on Israel that the Israeli government said caused limited damage.
16/04/2024 Oil prices rose on Tuesday after data showed China's economy grew faster than expected, while heightened tensions in the Middle East also kept markets on edge after Israel said it would respond to Iran's weekend missile and drone attack.
17/04/2024 Oil prices extended losses on Wednesday as worries about global demand due to weak economic momentum in China and a likely rise in U.S. commercial stockpiles outweighed supply fears from heightened tensions in the Middle East. Brent futures for June fell 0.44%, to $89.62 a barrel by 0632 GMT, while U.S. crude futures for May fell 0.56%, to $84.88 a barrel.
18/04/2024 Oil prices were little changed after a 3% drop in the previous session as the market remains concerned about demand this year and on signs that a wider conflict in the key Middle East producing region could be avoided.
19/04/2024 Oil prices jumped on Friday as reports that Israel had attacked Iran roiled markets and sparked concerns that Middle East oil supply could be disrupted.
22/04/2024 Oil prices fell by more than 1% on Monday, as the market focus switched to fundamentals after Israel and Iran played down the risk of an escalation of hostilities following Israel's apparently small strike on Iran.
23/04/2024 Oil prices edged higher on Tuesday, after falling in the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East.
and U.S. West Texas Intermediate crude futures also gained to $82.06 a barrel."
24/04/2024 Oil prices extended gains on Wednesday after industry data showed a surprise drop in U.S. crude stocks last week, a positive sign for demand, though markets were also keeping a close eye on hostilities in the Middle East.
25/04/2024 Brent crude futures rose 0.3%, to $88.31 a barrel at 0805 GMT, while U.S. West Texas Intermediate crude futures gained 0.3%, to $83.06.
26/04/2024 Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top U.S. official expressed optimism over economic growth and as supply concerns lingered due to conflicts in the Middle East. Brent crude futures gained 0.5%, to $89.48 a barrel at 0640 GMT, and U.S. West Texas Intermediate crude futures rose by 0.5%, to $84.01 a barrel.
29/04/2024 Oil prices were down 1% on Monday, erasing gains from Friday as Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East and U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon. Brent crude futures fell by as much as 1.09%, to $88.52 a barrel by 0644 GMT. West Texas Intermediate (WTI) futures were down 0.99%, at $83.02 a barrel.
30/04/2024 Oil edged down on Tuesday after Israel-Hamas ceasefire talks in Cairo helped quell market fears of an expanding conflict in the Middle East, while worries about the outlook for U.S. interest rates dragged on the market. Brent crude futures dipped 0.21%, to $88.21 a barrel at 0630 GMT, while U.S. West Texas Intermediate crude futures slipped 0.24%, to $82.43 a barrel.
01/05/2024 Oil prices fell 1% on Tuesday, extending losses from Monday, on the back of rising U.S. crude production, as well as hopes of an Israel-Hamas ceasefire. Brent crude futures for June , which expired on Tuesday, settled down 0.6%, at $87.86 a barrel. The more active July contract fell to $86.33.
02/05/2024 Crude was also pressured by an unexpected increase in U.S. crude inventories and signs of an impending Israel-Hamas ceasefire that would ease Middle East supply concerns.
03/05/2024 Oil prices edged higher on Friday, but headed for their steepest weekly loss in three months as uncertainty about demand and high interest rates drove a sell-off limited by the prospect OPEC+ will continue to curb output. Brent crude futures for July rose 0.4%, to $83.98 a barrel by 0755 GMT. U.S. West Texas Intermediate crude for June was up 0.3%, to $79.21 per barrel.
07/05/2024 Brent crude futures rose 0.3%, to $83.54 a barrel by 0810 GMT while U.S. West Texas Intermediate (WTI) crude futures were up at $78.49.
08/05/2024 Oil prices fell in Asian trade on Wednesday as industry data showed a pile-up in crude and fuel inventories in the U.S., a sign of weak demand, and cautious supply expectations emerged ahead of an OPEC+ policy meeting next month.
09/05/2024 Oil prices rose on Thursday as falling U.S. crude inventories amid rising refinery intake and a year-on-year increase in Chinese imports last month supported higher demand expectations for the world's two largest crude consuming nations. Brent crude futures for July rose 0.3%, to $83.85 a barrel by 0650 GMT. U.S. West Texas Intermediate crude for June was up or 0.4% to $79.33 per barrel.
10/05/2024 Brent futures rose 0.7%, to $84.47 a barrel at 0635 GMT and are set for a weekly gain of 1.8%. U.S. West Texas Intermediate crude climbed 0.8%, to $79.91, and set for a weekly increase of 2.3%.
13/05/2024 Most stock markets in the Gulf were up on Monday in early trading, amid steady oil prices, while investors awaited U.S. inflation data to gauge the Federal Reserve's policy path for the rest of this year.
14/05/2024 Oil prices were little changed on Tuesday as investors eyed fresh drivers, including upcoming U.S. inflation indicators and a monthly report from the Organization of the Petroleum Exporting Countries this week. Brent crude futures inched higher to $83.47 a barrel at 0630 GMT, while U.S. West Texas Intermediate crude futures rose to $79.21 a barrel.
15/05/2024 Oil prices rose on Wednesday on expectations for higher demand as the U.S. dollar weakened and a report showed U.S. crude and gasoline inventories fell while the release of inflation data may point to a more supportive economic outlook.
16/05/2024 Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the U.S., where data showed slower inflation than markets expected, bolstering the argument for an interest rate cut that could drive greater consumption.
17/05/2024 Brent crude oil rose 0.47%, to $83.66 a barrel by 0750 GMT. U.S. West Texas Intermediate (WTI) crude was up 0.28%, at $79.45.
20/05/2024 Oil prices extended gains on Monday amid political uncertainty in major producing countries after Iran's president died in a helicopter crash and Saudi Arabia's crown prince cancelled a trip to Japan, citing issues with the king's health. Brent gained 0.5%, to $84.39 a barrel by 0632 GMT, after rising to $84.43 earlier, its highest since May 10.
21/05/2024 Oil prices dropped by more than $1 on Tuesday, extending losses on investor expectations that lingering U.S. inflation could keep interest rates higher for longer, depressing consumer and industrial demand.
22/05/2024 Brent crude futures were down 1.2%, to $81.85 a barrel, while U.S. West Texas Intermediate crude (WTI) dropped 1.6%, to $77.41 as of 0802 GMT.
23/05/2024 Oil prices eased for a fourth straight session on Thursday after the minutes of a U.S. Federal Reserve meeting revealed discussions of a further tightening of interest rates if inflation remained sticky, a move that could hurt oil demand.
24/05/2024 Oil prices were stable on Friday as investors considered the latest comments from the U.S. Federal Reserve on interest rates amid sticky inflation, while signs of firming seasonal U.S. fuel demand lent support.
while U.S. West Texas Intermediate (WTI) crude futures were up at $76.89."
28/05/2024 Oil prices gained more than $1 a barrel on Tuesday on the expectation that OPEC+ will maintain crude supply curbs at its June 2 meeting, while the start of U.S. summer driving season and a weaker dollar also boosted the commodity. Brent crude futures for July delivery settled up 1.4% at $84.22 a barrel. U.S. crude ended at $79.83 a barrel, gaining 2.7% from Friday's close, having traded through Monday's U.S. mark Memorial Day holiday without a settlement.
29/05/2024 Oil prices rose in Asian trading on Wednesday on expectations major producers will maintain output cuts at a meeting this Sunday, and that fuel consumption should begin rising with the start of the peak summer demand season. Brent crude futures for July delivery added 0.2%, to $84.40 a barrel by 0630 GMT. U.S. West Texas Intermediate futures for July climbed 0.3%, to $80.11. Both benchmarks gained more than 1% a day earlier.
30/05/2024 Oil prices eased on Thursday after resilient U.S. economic activity pointed to borrowing costs staying higher for longer in a potential blow to demand. Ahead of U.S. crude oil stockpiles data due later in the day, Brent futures dipped 0.3% to $83.34 a barrel as of 0630 GMT, while U.S. West Texas Intermediate (WTI) crude fell 0.3% to $79.00.
31/05/2024 Oil prices held steady on Friday as investors await U.S. inflation data for clues on the demand outlook before turning attention to Sunday's OPEC+ meeting to determine the state of supply into next year.
03/06/2024 Oil prices were little changed on Monday, as investors weighed a move by producer group OPEC+ to extend deep output cuts well into 2025.
04/06/2024 Oil prices eased as much as 1% in Asian trade on Tuesday, extending losses from a four-month low in the previous session, as investors worried about supply ticking up later in the year amid signs of weakening U.S. demand. Brent crude futures fell 0.93%, to $77.63 a barrel at 0638 GMT. Brent closed below $80 for the first time since Feb. 7, after falling more than 3% on Monday.
05/06/2024 Oil prices hovered near four-month lows in Asia on Wednesday as markets digested an OPEC+ decision to boost supply later this year and following an increase in U.S. crude and refined products stocks.
while U.S. West Texas Intermediate crude futures were down at $73.23 a barrel."
06/06/2024 Oil prices extended gains on Thursday with support from growing expectations of an interest rate cut from the U.S. Federal Reserve in September, even as the upside was capped by an OPEC+ plan to increase supply and higher U.S. inventories.
07/06/2024 Oil prices ticked higher on Friday, as reassurance from OPEC+ members Saudi Arabia and Russia indicated readiness to pause or reverse output agreements, but markets were headed for their third straight weekly loss. Brent crude futures rose 0.2%, to $80.01 per barrel and U.S. West Texas Intermediate crude futures rose 0.2% to $75.71 as at 0657 GMT.
10/06/2024 Oil prices edged up on Monday, aided by hopes of rising fuel demand this summer, although a firmer dollar boosted by lower chances of imminent interest rate cuts capped gains.
to $79.77 a barrel by 0644 GMT and U.S. West Texas Intermediate crude futures was up 0.1% at $75.63 a barrel."
11/06/2024 Oil prices traded lower on Tuesday, as investors waited for key U.S. and China CPI data as well as the outcome of the Federal Reserve's policy meeting to glean a clearer picture of where inflation is heading and how that will affect fuel demand.
12/06/2024 Oil prices ticked higher on Wednesday amid upbeat global demand views from the U.S. Energy Information Administration and OPEC, reinforced by industry data showing U.S. crude oil inventories fell more than expected last week. Brent crude futures rose 0.6%, to $82.42 a barrel at 0630 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 0.8%, to $78.52.
13/06/2024 Oil prices fell in early trade on Thursday, as investors digested that the U.S. Federal Reserve had likely pushed back an interest rate cut possibly to December, while ample U.S. crude and fuel stocks also weighed on the market. Brent crude futures lost 0.5%, to $82.23 a barrel, as of 0655 GMT, and U.S. West Texas Intermediate (WTI) crude futures fell 0.4%, to $78.16. Both benchmarks had gained about 0.8% in the previous session.
14/06/2024 Oil prices eased on Friday as markets evaluated the impact of U.S. interest rates staying higher for longer than anticipated, but crude benchmarks headed for their best week in more than two months after solid projections for crude and fuel demand. Brent crude futures were down 0.5%, at $82.33 a barrel by 0646 GMT. West Texas Intermediate (WTI) U.S. crude futures lost 0.7%, to trade at $78.11 a barrel.
17/06/2024 Global benchmark Brent crude futures were up at $82.68 a barrel at 0805 GMT. U.S. West Texas Intermediate crude futures added 2 cents to $78.47.
18/06/2024 Oil prices were largely stable on Tuesday, as traders awaited signs of a hoped-for summer demand boost to prop up prices even as strong supply threatens to blunt gains. Benchmark Brent crude futures were down 0.2%, to $84.09 per barrel at 0805 GMT after climbing in the previous session. U.S. West Texas Intermediate crude futures , which also rose on Monday, were down 0.2%, to $80.18 a barrel.
19/06/2024 Oil prices were largely steady on Wednesday, near their highest levels in seven weeks as the market weighed concerns over escalating conflicts against demand worries following an unexpected build in U.S. crude inventories. Brent crude futures eased to $84.99 a barrel by 0832 GMT, while U.S. West Texas Intermediate crude was down to $81.14 per barrel.
20/06/2024 Brent oil futures were steady on Thursday, hovering slightly below seven-week highs as the market awaited U.S. inventory data. August Brent crude rose by 0.38%, to $85.39 per barrel by 0837 GMT.
21/06/2024 Crude oil futures were little changed on Friday but on course to rise for a second week amid signs of improving demand and falling oil and fuel inventories in the U.S., the world's biggest oil consumer. Brent futures for August settlement were down to $85.58 a barrel by 0927 GMT, while U.S. West Texas Intermediate crude futures for August delivery were down to $81.19.
24/06/2024 Oil prices inched down on Monday as concerns of higher-for-longer interest rates resurfaced and lifted the dollar, offsetting support for oil markets from geopolitical tensions and OPEC+ supply cuts. Brent crude futures slipped to $85.21 a barrel by 0632 GMT, after settling down 0.6% on Friday. U.S. West Texas Intermediate crude futures were at $80.71 a barrel.
25/06/2024 Oil prices were little changed on Tuesday after rising in the previous session helped by expectations of increased fuel demand this summer, but investors were cautious ahead of U.S. consumer price data. Brent futures for August settlement eased to $85.96 a barrel as of 0640 GMT after gaining 0.9% on Monday, while U.S. crude futures were down at $81.60 a barrel after climbing 1.1% a day earlier.
26/06/2024 Oil prices moved up despite a surprise jump in US stockpiles, driven by geopolitical risks from the middle east and forecast of an eventual inventory drawdown during the third quater peak demand season. Brent crude oil futures rose by 0.48% to $85.42.
27/06/2024 Oil prices dipped thursday as a surprise build in US stockpiles fuelled fears about slow demand from the world's top oil consumer, though declines were capped by worries a potential expansion of the Gaza war may disprupt Middle East supplies. Brent crude oil futures were down 0.1% at $85.19 a barrel.
28/06/2024 Oil prices rose in Asian trade on Friday and were poised for a third straight weekly jump, buoyed by growing expectations that the U.S. central bank will soon start to cut interest rates and firm complex refining margins. Brent crude futures for August settlement, which expire on Friday, rose 0.56% to $86.87 a barrel by 0620 GMT.
01/07/2024 Oil prices rose on Monday, helped by expected peak summer consumption and OPEC+ production cuts, though gains were capped by rising output from other producers and caution over potential market volatility ahead of pending elections. Brent crude futures rose 0.81%, to $85.69 a barrel by 1336 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 0.72%, at $82.13.
02/07/2024 Oil prices were little changed on Tuesday, holding near the two-month highs reached in the previous session, on expectations for rising fuel demand from the summer travel season and possible U.S. interest rate cuts that could boost economic growth. Brent crude futures rose to $86.88 per barrel as of 0634 GMT after gaining 1.9% in the previous session to the highest close since April 30.
03/07/2024 Oil prices rose on Wednesday after industry data showed a bigger-than-expected draw in U.S. crude stockpiles, while the market kept tabs on flaring tensions in the Middle East.
to $86.70 per barrel at 0645 GMT. U.S. West Texas Intermediate crude futures climbed 0.5% to $83.23 per barrel."
04/07/2024 Oil prices fell on Thursday, with investors turning cautious on expectations of lower demand as U.S. employment and business data came in weaker than forecast, signalling the economy of the world's top oil consumer may be cooling.
05/07/2024 Oil prices dipped on Friday but were on track for a fourth straight week of gains and were near their highest levels since late April on hopes of strong summer fuel demand and some supply concerns.
08/07/2024 Oil prices slid on Monday after rising for four weeks, as the prospect of a ceasefire deal in Gaza eased geopolitical tensions in the Middle East, while investors assessed potential disruption to U.S. energy supplies from Tropical Storm Beryl.
09/07/2024 Oil prices slipped on Tuesday after a hurricane that hit a key U.S. oil-producing hub in Texas caused less damage than markets had expected, easing concerns over supply disruption. Brent futures fell 0.6% to $85.26 a barrel by 0852 GMT, while U.S. West Texas Intermediate (WTI) crude slipped 0.7% to $81.79.
10/07/2024 Oil prices dipped on Wednesday as the impact from Hurricane Beryl dissipated and inflation data highlighted stubbornly weak consumer demand in top crude importer China. Brent futures were down 0.69%, at $84.08 a barrel, as of 0632 GMT, after falling 1.3% in the previous session. U.S. West Texas Intermediate (WTI) crude was down 0.59%, to $80.93 a barrel, after falling 1.1% in the previous session.
11/07/2024 Oil prices were stable on Thursday with the Brent benchmark holding above $85 a barrel, as investors balanced a bleaker demand growth view from the International Energy Agency (IEA) with a indications of growing U.S. consumption.
to $82.23."
12/07/2024 Oil prices rose on Friday amid signs of easing inflationary pressures in the United States, the world's biggest oil consumer, with Brent crude peaking above $86 though it was still set for a weekly decline.
15/07/2024 Oil held its ground on Monday, with political uncertainty in the U.S. and the Middle East supporting prices, offsetting downward pressure from a stronger dollar and weak demand in top importer China. Brent crude futures slid 0.2%, to $84.90 a barrel by 0640 GMT after settling down 37 cents on Friday. U.S. West Texas Intermediate crude stood at $82.15 a barrel, down 0.1%.
16/07/2024 Oil prices slipped on Tuesday on worries about a slowing Chinese economy crimping demand, though a growing consensus that the U.S. Federal Reserve will begin cutting its key interest rate as soon as September limited declines. Brent futures fell 0.67%, to $84.28 a barrel by 0630 GMT, while U.S. West Texas Intermediate (WTI) crude dropped 0.72%, to $81.32.
17/07/2024 Oil prices inched up on Wednesday, a day after benchmark Brent hit a one-month low, as a decline in U.S. oil stockpiles helped offset signs of weakening demand in China.
18/07/2024 Oil prices were broadly steady on Thursday as investors took profits from earlier gains fuelled by larger than expected declines in U.S. crude stocks. Brent futures dipped 0.2%, to $84.95 a barrel by 1120 GMT and U.S. West Texas Intermediate (WTI) crude was down 0.1%, at $82.79. Both had registered gains in the previous session.
19/07/2024 Oil prices fell on Friday as a strong dollar, mixed economic signals and concern over China's economy weighed on investor sentiment. Brent crude prices fell by 0.5%, to $84.70 a barrel by 0650 GMT. U.S. West Texas Intermediate crude futures fell 0.6%, to $82.33 a barrel.
22/07/2024 Oil prices rose in early trade on Monday as investors keep a lookout for signs of a rate-cut cycle expected to begin as soon as September. Brent crude prices were up 0.57%, at $83.10 a barrel by 0035 GMT, and U.S. West Texas Intermediate crude futures rose 0.52%, to $80.55
23/07/2024 Oil prices steadied on Tuesday after falling for the past two sessions, as investors remained cautious amid expectations of plentiful supplies and weak demand, while brushing off the U.S. presidential campaign upheaval. Brent crude futures for September rose to $82.51 a barrel by 0645 GMT.
24/07/2024 Oil prices rebounded on Wednesday, snapping three straight sessions of decline, as falling U.S. crude inventories and growing supply risks from wildfires in Canada boosted prices. Brent crude futures for September rose 0.5%, to $81.41 a barrel by 0650 GMT.
25/07/2024 Oil prices eased on Thursday as concerns over weak demand in China, the world's largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in U.S. inventories. Brent crude futures for September fell 0.7%, to $81.12 a barrel by 0630 GMT
26/07/2024 Oil prices were little changed on Friday but on track for a third consecutive weekly decline, pressured by muted demand in China and expectations of a Gaza ceasefire deal that could ease Middle East tensions and accompanying supply concerns. Brent crude futures for September dipped to $82.36 a barrel by 0744 GMT.
29/07/2024 Oil prices rose on Monday, paring last week's loss, on fears of a widening conflict in the Middle East following a rocket strike in the Israeli-occupied Golan Heights, which Israel and the United States blamed on Lebanese armed group Hezbollah.
30/07/2024 Brent crude rose by 0.1%, to $79.86 a barrel by 0805 GMT. It fell intraday to $79.34, the lowest since June 10. U.S. crude was down 0.2%, at $75.69.
31/07/2024 Oil futures rebounded more than $1 a barrel from 7-week lows on Wednesday after the killing of a Hamas leader in Iran ratcheted up tensions in the Middle East, but prices remain under pressure from concerns about weak China demand.
01/08/2024 Oil prices rose during Asian trade on Thursday, extending gains from the previous session, after the killing of a Hamas leader in Iran raised the threat of a wider Middle East conflict and concern over its impact on oil.
02/08/2024 Stock markets in the United Arab Emirates ended lower on Friday, tracking their global peers, as tensions in the Middle East and worries over a U.S. economic slowdown weighed on investor sentiment.
with Brent falling 0.4% to $79.23 a barrel by 1201 GMT."
05/08/2024 Brent crude futures dropped 0.7%, to $76.28 a barrel by 0819 GMT. U.S. West Texas Intermediate crude futures were down 0.6%, at $72.95.
06/08/2024 Oil prices crept higher on Wednesday, though Brent still languished near seven-month lows, pressured by concerns over weak demand and fears of recession in the United States.
07/08/2024 Oil prices fell in choppy trade on Thursday, and looked set to snap a two-session streak during which they gained about 3% due to growing supply risks amid simmering tensions in the Middle East.
08/08/2024 Oil prices could rise to the low-to-mid-$80's, bouncing up from a recent sell-off, Citi Research said in a note on Wednesday, citing factors including geopolitical tensions and weather.
09/08/2024 Oil prices were steady on Friday and on course for a weekly gain of more than 3% as U.S. jobs data calmed demand concerns and fears of a widening Middle East conflict persisted.
12/08/2024 Oil prices rose for a fifth consecutive session on Monday, extending gains from last week's more than 3% rise, as U.S. recession fears eased while geopolitical tensions in the Middle East supported prices.
13/08/2024 Oil prices steadied on Tuesday after rising for five consecutive sessions, as markets refocused on concerns about demand after OPEC on Monday cut its forecast for demand growth in 2024 due to softer expectations in China.
14/08/2024 Oil prices rose slightly on Wednesday after an industry report showed U.S. crude and gasoline inventories fell and as the market watched for a possible widening of the Israel-Gaza war, which may impact global oil supplies.
15/08/2024 Oil prices rose on Thursday, supported by optimism that potential U.S. interest rate cuts will boost economic activity and fuel consumption though concerns over slower global demand curbed gains.
16/08/2024 Oil prices were set for a second straight week of gains despite edging lower on Friday, as recent U.S. economic data boosted optimism about demand from the world's top oil consumer. Brent crude futures have risen about 1.5% this week, while U.S. West Texas Intermediate crude futures have increased about 1.3%. On Friday, Brent fell 0.19%, to $80.89 per barrel by 0810 GMT, while WTI fell 0.32%, to $77.91.
19/08/2024 Oil prices eased in trading on Monday as fears of weaker demand in top oil importer China weighed on market sentiment while investors focused on the progress of ceasefire talks in the Middle East, which could reduce supply risks. Brent crude futures dropped 0.56%, to $79.23 per barrel by 0646 GMT. U.S. West Texas Intermediate crude futures slide 0.76%, to $76.07 a barrel.
20/08/2024 Oil prices edged lower on Tuesday as Israel accepting a proposal to tackle disagreements blocking a ceasefire deal in Gaza eased supply concerns and China's economic weakness weighed on the demand outlook. Brent crude was down 1.03%, at $76.86 per barrel as of 0820 GMT. Front month U.S. West Texas Intermediate crude futures were down 1.17%, to $73.50.
21/08/2024 Oil prices held broadly steady on Wednesday after a run of declines that have pushed Brent down to almost $77, driven by stubborn fears over Chinese demand and diminishing concerns about conflict spreading in the Middle East.
22/08/2024 Oil prices fell for a fifth session on Thursday as investors worried about the global demand outlook, despite a decline in U.S. fuel inventories. Brent crude futures slipped $75.95 a barrel, while U.S. West Texas Intermediate crude futures fell to trade at $71.70 at 0639 GMT
23/08/2024 Oil prices were little changed on Friday but on track to end the week lower, as weaker U.S. employment data raised concerns over demand, and renewed ceasefire talks in Gaza eased worries about supply disruptions. Brent crude futures rose 0.2%, to $77.38 a barrel at 0642 GMT, while U.S. West Texas Intermediate (WTI) crude futures inched up to $73.16. Brent futures have fallen about 3% so far this week, while WTI lost nearly 5%.
26/08/2024 Oil prices slipped slightly on Tuesday after rebounding more than 7% over the previous three sessions on supply concerns prompted by fears of widening Middle East conflict and potential shutdown of Libyan oil fields. Brent crude futures were down 0.4%, at $81.13 a barrel by 0819 GMT. U.S. West Texas Intermediate crude futures dropped 0.5%, to $77.02.
27/08/2024 Oil was little changed on Wednesday after a sharp drop in the previous session ended a three-day streak of gains, amid persistent concerns over potential supply losses from the Middle East and North Africa as well as global fuel demand worries.
28/08/2024 Oil prices settled 1% lower on Wednesday after a smaller-than-expected draw in U.S. crude stockpiles and as concerns over Chinese demand persisted, though losses were capped by supply risks in the Middle East and Libya. Brent crude futures settled down 1.13%, at $78.65 a barrel. U.S. West Texas Intermediate crude futures fell 1.34%, to $74.52.
29/08/2024 Oil prices edged up on Thursday after two sessions of losses, as supply concerns over Libya returned to focus, while a smaller-than-expected draw in U.S. crude inventories sapped demand expectations. Brent crude futures climbed 0.19%, $78.80 a barrel by 0605 GMT, while U.S. West Texas Intermediate crude futures were up 0.36%, at $74.79.
30/08/2024 Oil prices retreated on Friday as investors weighed expectations of a rise in OPEC+ supply starting in October, alongside dwindling hopes of a hefty U.S. interest rate cut next month, following data showing strong consumer spending.
02/09/2024 Oil prices extended losses on Monday on expectations of higher OPEC+ production from October while signs of sluggish demand in China and the United States raised concerns about future consumption growth.
03/09/2024 Oil prices edged higher on Monday, recovering some losses from late last week, as Libyan oil exports remained halted and concerns about higher OPEC+ production from October eased.
04/09/2024 That poses a challenge for OPEC+, which Reuters reported last week was still set to proceed with a planned oil output hike from October. Any further increase in supply could push prices even lower.
05/09/2024 The news lifted oil prices by over $1 a barrel, with Brent futures trading at $73.72 a barrel by 1508 GMT. It fell to its lowest this year on Wednesday. OPEC+'s planned hike was for 180,000 barrels per day (bpd), a fraction of the 5.86 million bpd of output it is holding back, equal to about 5.7% of global demand, to support the market due to uncertainty about demand and rising supply outside the group.
06/09/2024 Oil prices ticked up in Asian trading on Friday, with investors exercising caution ahead of key U.S. employment data as they weighed a big withdrawal from U.S. crude inventories and a delay to production hikes by OPEC+ producers. Brent crude futures rose to $72.82 by 0507 GMT, and U.S. West Texas Intermediate crude futures were up 0.17%, to $69.27.
09/09/2024 Oil futures jumped by about 1% on Monday as a potential hurricane approaching the U.S. Gulf Coast helped oil prices to recover some of the previous week's heavy losses. Brent crude rose 0.94%, to $71.73 a barrel by 0901 GMT while West Texas Intermediate crude futures were up 1%, at $68.35
10/09/2024 Oil prices edged down on Tuesday as weak Chinese demand offset U.S. supply disruptions from Tropical Storm Francine and as global oil oversupply risks continued to weigh on the market. Brent crude futures were down 0.45%, to $71.51 a barrel by 0652 GMT. U.S. West Texas Intermediate crude futures lost 0.55%, to trade at $68.33 a barrel.
11/09/2024 Oil prices climbed more than 1% on Wednesday, paring some of the previous day's losses, as concerns about Hurricane Francine disrupting output in the United States, the world's biggest producer, outweighed worries about weak global demand. Brent crude futures were up 1.2%, to $70.03 a barrel at 0704 GMT, while U.S. crude futures were at $66.56 a barrel up 1.2%.
12/09/2024 Oil prices rose more than 1% on Thursday, extending a rebound spurred by concern over Hurricane Francine's impact on U.S. output, though a gloomy demand outlook capped gains.
13/09/2024 Oil prices extended their rally on Friday and were on course for a weekly gain, sparked by output disruption in the U.S. Gulf of Mexico after Hurricane Francine forced the evacuation of production platforms.
16/09/2024 Oil prices rose in Asian trade on Monday amid expectations of a U.S. interest rate cut this week, though gains were capped by persistent demand worries and weaker China data. Brent crude futures for November were up 0.5%, at $71.99 a barrel at 0700 GMT. U.S. crude futures for October were up 0.7%, at $69.14 a barrel.
17/09/2024 Oil prices edged lower on Tuesday, as fears of weaker demand in China weighed on market sentiment, while focus turned to the U.S. Federal Reserve's policy meeting that concludes on Wednesday.
18/09/2024 Oil prices slipped lower on Wednesday as a rate cut announcement from the Federal Reserve raised worries about the health of the U.S. economy, while investors largely shrugged off a crude oil inventory decline that they attributed to the impact of short-lived weather.
19/09/2024 Oil prices rose on Thursday after a large interest rate cut from the U.S. Federal Reserve, but concerns over global demand lingered and capped gains.
20/09/2024 Oil prices eased on Friday, but were on track to register gains for a second straight week following a large cut in U.S. interest rates and declining global stockpiles. Brent futures , which were down 0.47%, at $74.53 a barrel at 0804 GMT while U.S. WTI crude futures were down 0.35%, at $71.70. Still, both were up more than 4% on the week.
23/09/2024 Oil prices rose slightly on Monday after last week's cut to U.S. interest rates and a dip in U.S. crude supply in the aftermath of Hurricane Francine countered weaker demand from top oil importer China.
24/09/2024 Oil prices rose on Tuesday on news of monetary stimulus from top importer China and concerns that tensions in the Middle East could hit regional supply, while a major hurricane loomed over the United States, the world's biggest crude producer. Brent crude futures for November were up 1.14%, at $74.74 a barrel, as of 0620 GMT. U.S. WTI crude futures for November rose 1.31%, to $71.29.
25/09/2024 Oil prices fell on Wednesday as investors reassessed the ability of China's stimulus plans to boost the economy enough to drive more fuel demand growth in the world's largest crude importer.
26/09/2024 Oil prices slumped on Thursday, reversing earlier gains, on news Saudi Arabia, the world's biggest crude exporter, will give up on its price target in preparation for raising output.
27/09/2024 Oil prices held on Friday but remained on track for a weekly fall as investors weighed expectations for increased output from Libya and the broader OPEC+ group against fresh stimulus from top importer China. Brent crude futures were up 0.1%, at $71.68 per barrel, as of 0840 GMT, while U.S. West Texas Intermediate crude futures were up 0.1%, to $67.73.
30/09/2024 Oil prices were steady on Monday and on track to fall for the third month in a row as a strong supply outlook and questions around demand outweighed fears that Israeli strikes in Lebanon and Yemen could escalate conflict in the Middle East.
01/10/2024 Oil prices were little changed on Tuesday as stronger supply prospects and tepid global demand growth outweighed worries that escalating tensions in the Middle East could impact output from the key exporting region. Brent crude futures for December delivery edged up 0.18%, to $71.83 a barrel as of 0615 GMT. U.S. West Texas Intermediate crude futures for November delivery gained 0.21%, to $68.31.
02/10/2024 Oil prices climbed more than 2% on Wednesday on rising concerns that Middle East tensions could escalate, potentially disrupting crude output from the region, following Iran's biggest ever military blow against Israel. Brent futures leapt 2.2%, to $75.19 a barrel, while U.S. West Texas Intermediate (WTI) crude spiked 2.4%, to $71.53 at 0755 GMT. WTI had earlier risen more than $2.
03/10/2024 Oil prices rose on Thursday as the prospect of a widening Middle East conflict that could disrupt crude oil flows from the key exporting region overshadowed a stronger global supply outlook.
04/10/2024 Oil prices rose sharply on Friday, and were on track for 10% weekly gains as investors weighed the prospect of a wider Middle East conflict disrupting crude flows after President Biden said the US was discussing an Israeli attack on Iranian oil facilities. Brent crude futures were up 1.4%, at $78.71 a barrel, as of 1120 GMT. U.S. West Texas Intermediate crude futures were up 1.5%, at $74.79 a barrel.
07/10/2024 Oil prices fell on Monday, after posting their steepest weekly rise in more than a year last week, as oversupply concerns amid softer demand countered the worries over a wider Middle East conflict disrupting exports in the key oil-producing region. Brent crude futures fell 0.36%, to $77.77 per barrel by 0645 GMT. U.S. West Texas Intermediate crude futures slipped 0.26%, to $74.19 per barrel.
08/10/2024 Oil prices declined on Tuesday with concerns over potential oil supply disruption easing as the market still awaits an Israeli response to the Iranian rocket attacks last week which triggered the crude price rally. Brent crude futures fell 1.37%, to $79.82 per barrel at around 0805 GMT. U.S. West Texas Intermediate futures fell 1.45%, to $76.82 a barrel.
09/10/2024 Oil prices edged up on Wednesday as developments in the Middle East took centre stage against cautious demand expectations and ahead of a government meeting on China's fiscal policy. Brent crude futures rose 0.6%, to $77.63 a barrel by 0703 GMT. U.S. West Texas Intermediate futures rose to $73.90 a barrel.
10/10/2024 Oil prices rose on Thursday underpinned by a spike in fuel demand as a major storm barrelled into Florida and concerns about potential supply disruptions in the Middle East amid heightened tensions between Israel and major oil producer Iran. Brent crude futures rose 0.3%, to $76.82 a barrel, while the U.S. West Texas Intermediate (WTI) futures were up 0.4%, at $73.52 a barrel at 0655 GMT.
11/10/2024 Oil retreated on Friday after settling higher the previous day, but prices remained set for a second weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption if Israel attacks Iranian oil sites.
14/10/2024 Oil prices on Monday wiped out all of last week's gains as China's stimulus plans failed to inspire confidence among investors, while the market remained on edge about potential Israeli attacks on Iranian oil infrastructure.
15/10/2024 Oil prices slid as much as $3 to a near two-week low during Asian trade on Tuesday on the back of a weaker demand outlook and after a media report said Israel is willing not to strike Iranian oil targets, which eased fears of a supply disruption. Brent crude futures were down 3.6%, to $74.65 per barrel at 0640 GMT, having dropped earlier to $74.26, its lowest since Oct. 2.
16/10/2024 Brent crude oil futures rose 0.3%, to $74.47 a barrel by 0800 GMT. U.S. West Texas Intermediate crude futures climbed 0.4%, to $70.86. Still, concern about an escalation in the conflict between Israel and Iran-backed militant group Hezbollah persists. OPEC+ supply curbs remain in place until December when some members are scheduled to start unwinding one layer of cuts.
17/10/2024 Oil prices traded flat on Thursday as investors eye developments in the Middle East and more details on China's stimulus plans, and await the release of official U.S. oil inventory data. Brent crude futures was down to $74.18 a barrel by 0648 GMT, while U.S. West Texas Intermediate crude futures were at $70.37 a barrel.
18/10/2024 Crude oil futures steadied on Friday after strong U.S. retail sales data and the emergence of more fiscal stimulus to boost China's economy, though prices were still headed for their biggest weekly loss in more than a month. Brent crude futures gained 0.4%, to $74.71 a barrel by 0648 GMT, while U.S. West Texas Intermediate crude was at $70.96 a barrel, up 0.4%.
21/10/2024 Oil prices were broadly steady on Monday, following a more than 7% drop last week on worries about demand in China, the world's top oil importer, and an easing of concerns about potential supply disruptions in the Middle East.
to $73.44 a barrel at 0747 GMT. U.S. West Texas Intermediate crude futures were up 0.6% to $69.66 a barrel."
22/10/2024 Oil prices eased on Tuesday as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East and as slowing demand growth in China, the world's top oil importer, continued to weigh on the market.
at $73.69 a barrel at 0717 GMT. U.S. West Texas Intermediate crude futures for November delivery were lower at $70.50 a barrel on the contract's last day as the front month."
23/10/2024 Oil prices fell on Wednesday after industry data showed U.S. crude inventories swelled more than expected, though declines were capped as the market watched diplomatic efforts in the Middle East after Israel continued attacks on Gaza and Lebanon.
24/10/2024 Oil prices climbed by around 1% on Thursday, reversing some of previous session's losses, as Middle East tensions kept the market on edge ahead of the U.S. presidential election amid expectations of strong distillates demand in fourth quarter.
25/10/2024 Oil prices nudged higher on Friday and are on track for a weekly gain of more than 1%, as tensions in the world's top oil-producing region, the Middle East, and a restart in Gaza ceasefire talks in the coming days kept traders on edge.
28/10/2024 Oil prices tumbled by more than $4 a barrel on Monday after Israel's retaliatory strike against Iran at the weekend bypassed oil and nuclear facilities and did not disrupt energy supplies.
29/10/2024 Oil prices inched up on Tuesday after tumbling 6% in the previous session, as a U.S. plan to buy oil for the Strategic Petroleum Reserve (SPR) provided some support though wider concerns about weaker future demand growth exerted pressure. Brent crude futures climbed 0.88% to $72.05 a barrel by 0847 GMT, while U.S. West Texas Intermediate crude was 0.86%, higher at $67.37 a barrel.
30/10/2024 Oil prices held steady near one-month lows on Wednesday, after sliding in the previous two sessions, as markets weighed a potential ceasefire between Israel and Hezbollah and rising OPEC+ crude supplies against a possible drop in U.S. fuel stocks and demand concerns. Brent crude futures gained $71.50 a barrel by 0957 GMT. U.S. West Texas Intermediate crude futures edged up $67.56 per barrel.
31/10/2024 Oil prices edged up on Thursday, extending the previous day's rally, driven by optimism over U.S. fuel demand following an unexpected drop in crude and gasoline inventories, while reports that OPEC+ may delay a planned output increase offered support.
01/11/2024 Oil prices rose more than 2% on Friday after reports that Iran was preparing a retaliatory strike on Israel from Iraq in the coming days, though benchmarks were still set for a weekly decline.
04/11/2024 Oil prices rose more than 2% on Monday on a decision by OPEC+ to delay by a month plans to increase output, while the market braced for a crucial week that includes the U.S. presidential election and a key meeting in China.
05/11/2024 Oil prices edged up about 1% on Tuesday with a storm expected to cut U.S. output in the Gulf of Mexico and as the U.S. dollar weakened on Election Day with polls showing America's presidential race exceptionally close.
06/11/2024 Oil prices settled lower on Wednesday as investors weighed a strong U.S. dollar against the potential that U.S. President-elect Donald Trump's foreign-policy plans could squeeze global oil supply.
07/11/2024 Brent crude oil futures traded higher at $74.96 per barrel by 0927 GMT on Thursday. U.S. West Texas Intermediate (WTI) crude slipped to $71.57.
08/11/2024 Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will significantly affect U.S. oil and gas output declined, while the market weighs how President-elect Donald Trump's policies might affect supplies.
to $75.10 per barrel by 0742 GMT. U.S. West Texas Intermediate (WTI) crude fell 0.9% to $71.74. The benchmarks fell after rising nearly 1% on Thursday."
11/11/2024 Oil prices were little changed on Monday as the threat of supply disruptions from a U.S. storm eased and after China's stimulus plan disappointed investors seeking fuel demand growth in the world's No. 2 oil consumer.
0.2%.
12/11/2024 Oil prices were little changed on Tuesday, awaiting further price direction from OPEC's monthly report, with investor disappointment over China's latest stimulus plan and oversupply concerns keeping buying interest at bay. Brent crude futures rose $71.87 a barrel, by 0745 GMT. U.S. West Texas Intermediate crude futures were down one cent at $68.03 a barrel.
13/11/2024 Oil prices held near their lowest in two weeks on Wednesday, a day after OPEC downgraded its forecast for global oil demand growth in 2024 and 2025 and amid demand concerns in China.
14/11/2024 Oil prices were largely steady on Thursday, with traders holding fire after declines earlier this week on a stronger U.S. dollar and worries about rising supply amid slow demand growth.
15/11/2024 Oil prices settled down more than 2% on Friday as investors fretted about weaker Chinese demand and a potential slowing in the pace of U.S. Federal Reserve interest rate cuts.
18/11/2024 Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world's second-largest consumer, and forecasts of a global oil surplus weighed on markets.
19/11/2024 Oil slipped on Tuesday pressured by the restart of production at Norway's Johan Sverdrup oilfield, although investor caution arising from fears of an escalation in the Russia-Ukraine war limited the decline. Equinor (EQNR.OL), opens new tab has resumed partial production from the oilfield, Western Europe's largest, following a power outage. An outage at the North Sea field helped prices to climb by over 3% on Monday.Brent crude futures were down 0.6%, to $72.85 a barrel by 0915 GMT, while U.S. West Texas Intermediate crude futures slipped by 0.7%, to $68.70.
20/11/2024 Oil was broadly stable for a second day on Wednesday as concerns about escalating hostilities in the Ukraine war potentially disrupting oil supply from Russia and signs of growing Chinese crude imports offset data showing U.S. crude stocks rising.
21/11/2024 Oil prices climbed on Thursday as geopolitical concerns over escalating tensions between Russia and Ukraine outweighed the impact of a bigger-than-expected increase in U.S. crude inventories.
22/11/2024 Oil prices inched higher on Friday, on track for a weekly rise of more than 4%, as the Ukraine war intensified, with Russian President Vladimir Putin warning of a global conflict.
25/11/2024 Oil prices were little changed on Monday ahead of an upcoming OPEC+ meeting and following 6% gains last week and as geopolitical tensions remained high.
26/11/2024 Oil prices rose on Tuesday after falling more than $2 a barrel in the previous session as investors took stock of a potential ceasefire between Israel and Lebanon's Hezbollah, which had weighed on oil's risk premium.Brent crude futures were up 1%, to $73.74 a barrel.
27/11/2024 Oil prices were little changed on Wednesday, pressured by a large surprise build in U.S. gasoline stocks and worries about U.S. interest rate cuts next year, but prices drew support from concerns about supply eased after a ceasefire deal between Israel and Hezbollah. Brent crude futures settled higher at $72.83 a barrel. U.S. West Texas Intermediate crude slipped to $68.72.
28/11/2024 Oil prices drifted lower on Thursday after a surprise jump in U.S. gasoline inventories, with investors focusing on this weekend's OPEC+ meeting to discuss oil output policy. Brent crude futures fell by 0.27%, to $72.63 per barrel by 0717 GMT, while U.S. West Texas Intermediate crude futures were down 0.29%, at $68.52 a barrel
29/11/2024 Oil prices fell on Friday, heading for a weekly drop of more than 3%, as concerns over supply risks from the Israel-Hezbollah conflict eased, alleviating earlier disruption fears.
02/12/2024 Oil prices rose on Monday, supported by strong factory activity in China, the world's second-largest oil consumer, and heightened tensions in the Middle East as Israel resumed attacks on Lebanon despite a ceasefire agreement.
03/12/2024 Oil prices climbed nearly 1% on Tuesday, as traders awaited the outcome of an OPEC+ meeting later this week. Brent crude futures rose 0.92%, to $72.49 a barrel by 0909 GMT, while U.S. West Texas Intermediate crude climbed 0.93%, to $68.73.
04/12/2024 Oil prices firmed slightly on Wednesday, with traders expecting OPEC+ to announce an extension to supply cuts this week while heightened geopolitical tensions continue to dominate market sentiment. Brent crude futures were up 0.26%, at $73.81 a barrel by 0916 GMT while U.S. West Texas Intermediate crude futures rose 0.19%, to $70.07.
05/12/2024 Oil prices were up slightly on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring geopolitical tension in the Middle East.
06/12/2024 Oil prices dipped on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of 2026. Brent crude futures fell 0.3%, to $71.88 per barrel by 0716 GMT. U.S. West Texas Intermediate crude futures lost 0.2%, to $68.15 per barrel.
09/12/2024 Global shares held steady on Monday, as investors took geopolitical tumult in their stride, leaving oil and gold modestly higher, while the dollar edged up ahead of U.S. inflation data this week that could cement a December rate cut.
10/12/2024 Oil prices slipped on Tuesday as concerns eased about the fallout from the overthrow of Syria's president, despite support from China's plan to ramp up policy stimulus - a potential boost to demand from the world's biggest crude buyer. Brent crude futures fell to $71.90 per barrel at 1009 GMT. U.S. West Texas Intermediate was down at $68.09. Both benchmarks had risen more than 1% on Monday.
11/12/2024 Oil prices rose on Wednesday, with market participants expecting demand to rise in China, the world's largest crude importer, after Beijing announced it would relax monetary policy to try to stimulate economic growth. Brent crude futures gained 0.3%, to $72.43 a barrel by 0730 GMT, while U.S. West Texas Intermediate crude futures rose 0.4%, to $68.83.
12/12/2024 Oil prices were little changed on Thursday as a forecast for ample supply in the oil market offset optimism stemming from rising expectations of a U.S. interest rate cut. Brent crude futures were up at $73.54 a barrel at 1105 GMT. U.S. West Texas Intermediate crude futures rose 3 cents to $70.32. Both benchmarks rose by more than $1 on Wednesday.
13/12/2024 Oil prices rose on Friday, heading for their first weekly rise since the end of November, as additional sanctions on Russia ratcheted up supply worries, while a surplus outlook weighed on markets.
16/12/2024 Oil futures slipped from the highest levels in several weeks on Monday on weakness in consumer spending in China, the world's largest oil importer, and as investors paused buying ahead of the U.S. Federal Reserve's interest rate decision. Brent crude futures settled at $73.91 a barrel, 0.8% lower, after settling on Friday at their highest since Nov. 22.
17/12/2024 Oil prices nudged lower on Tuesday as China's economic data renewed demand concerns, while investors remained cautious ahead of the U.S. Federal Reserve's interest rate decision. U.S. West Texas Intermediate crude was down to $70.60 a barrel at 0802 GMT, while Brent crude futures eased to $73.89 a barrel.
18/12/2024 Oil prices rose slightly on Wednesday as investors stayed cautious ahead of a potential interest rate cut by the U.S. Federal Reserve, while a draw in U.S. crude inventories offered further support. Brent futures rose 0.78%, to $73.56 a barrel at 0923 GMT, while U.S. West Texas Intermediate crude climbed 0.90%, to $70.71 a barrel
19/12/2024 Oil prices fell in Asian trade on Thursday after the U.S. Federal Reserve signalled it would slow the pace of interest rate cuts in 2025, which could hurt economic growth and reduce fuel demand. Brent futures fell 0.4%, to $73.12 a barrel by 0701 GMT. U.S. West Texas Intermediate crude fell 0.6%, to $70.19.
20/12/2024 Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down more than 3%. Brent crude futures fell by 1.0%, to $72.12 a barrel by 1117 GMT. U.S. West Texas Intermediate crude futures also eased 1.1%, to $68.62 per barrel.
23/12/2024

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