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2018-02-05 08:00:00

OIL PRICE: ABOVE $67

OIL PRICE: ABOVE $67

REUTERSBLOOMBERG Oil prices on Monday extended declines from the end of last week amid a wider market sell off and a stronger dollar, with Brent crude falling to its lowest in nearly a month.

Other markets dropped as investors were spooked by Friday's payrolls report from the United States, which showed wages growing at their fastest pace in more than 8-1/2 years, fuelling inflation expectations. 

Brent was down 68 cents, or 1 percent, at $67.91 a barrel at 0344 GMT, after falling 1.5 percent on Friday. Brent's weekly drop was 2.75 percent last week. 

U.S. West Texas Intermediate (WTI) crude declined 72 cents to $64.73 a barrel, after dropping 0.5 percent in the previous session. WTI fell by 1 percent during the last week. 

"Oil is caught up in this general risk-off move, not helped at the margins by a little bit of strength in the U.S. dollar," said Ric Spooner, chief market analyst at CMC Markets in Sydney. 

Asian shares were down the most in more than a year on Monday as fears of resurgent inflation battered bonds. 

Wall Street dropped last week from record highs as inflation concerns sparked speculation that central banks globally might be forced to tighten policy more aggressively. 

The three major U.S. indexes capped their worst weekly losses in two years, after closing at record highs the previous week. 

"The size of the move in U.S. equities doesn't always mean this, but usually after a move like that and particularly when it follows such a long uptrend, there is follow through selling," Spooner said. 

Rising U.S. oil production has also helped push down oil prices, undermining attempts by the Organization of the Petroleum Exporting Countries to support prices. 

Data from the U.S. government last week showed that output climbed above 10 million barrels per day in November for the first time since 1970, as shale drillers expanded operations after gains in oil prices last year. 

"Over the course of the next few weeks one of the key things is going to be U.S. production data and whether the increase in shale rigs recently is going to increase," Spooner said. 

U.S. energy companies did add oil rigs for a second week in a row last week, energy services company Baker Hughes Inc reported on Friday. Drillers added six oil rigs in the week to Feb. 2, bringing the total to 765. 

Hedge funds and money manager reduced last week their bullish positions on U.S. crude, cutting their net-long positions from a record after three weeks of increases. 

The speculator group cut its combined WTI futures and options positions on New York and London exchanges by 18,365 contracts to 531,235 in the week to Jan. 30, the Commodity Futures Trading Commission reported on Friday.

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Earlier: 

News
2018, February, 2, 12:30:00

OIL PRICE: STILL ABOVE $69

REUTERS - Brent futures, the global benchmark, were up 24 cents, or 0.3 percent, at $69.89 a barrel by 0635 GMT. U.S. West Texas Intermediate (WTI) crude was up 33 cents, or 0.5 percent, at $66.13 a barrel.

Prices
2018, January, 31, 11:10:00

OIL PRICE: ABOVE $68 AGAIN

REUTERS - Brent crude futures LCOc1 for March delivery settled down 44 cents, or 0.6 percent, at $69.02 a barrel after touching a session low of $68.40. U.S. West Texas Intermediate futures CLc1 fell $1.06, or 1.6 percent, to close at $64.50 a barrel.

Prices
2018, January, 29, 08:45:00

OIL PRICES: ABOVE $70 YET

REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $66.34 a barrel at 0144 GMT, up 20 cents, or 0.3 percent, from their last settlement. Brent crude futures LCOc1 were at $70.49 per barrel, 3 cents below their last settlement.

 

Prices
2018, January, 26, 12:40:00

OIL PRICES: ABOVE $70

REUTERS - Brent crude futures were at $70.22 per barrel at 0556 GMT, down 20 cents, or 0.3 percent, from their last close. Brent the previous day marked its highest since December, 2014 at $71.28. U.S. West Texas Intermediate (WTI) crude futures were at $65.38 a barrel, down 13 cents, or 0.2 percent from their previous close. WTI also touched its highest since December, 2014 in the last session at $66.66.

 

Prices
2018, January, 24, 12:20:00

OIL PRICES: ABOVE $69 AGAIN

REUTERS - Brent crude futures were at $69.79 a barrel at 0749 GMT, down 17 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $64.45 a barrel, down 2 cents from their last settlement.

Prices
2018, January, 24, 12:15:00

СОГЛАШЕНИЕ ВЫПОЛНЕНО НА 107%

МИНЭНЕРГО РОССИИ - АЛЕКСАНДР НОВАК: СОГЛАШЕНИЕ ОПЕК+ ПО ИТОГАМ 2017 ГОДА ВЫПОЛНЕНО НА 107%

 

 Prices
2018, January, 22, 08:50:00

OIL PRICES: NOT ABOVE $69 YET

REUTERS - Brent crude futures were at $68.89 a barrel at 0315 GMT, up 25 cents, or 0.4 percent, from their last close. Brent on Jan. 15 rose to $70.37, its highest since December 2014. U.S. West Texas Intermediate (WTI) crude futures were at $63.61 a barrel, up 24 cents, or 0.4 percent, from their last settlement. WTI climbed to $64.89 on Jan. 16, also its highest since December 2014. 

 

 

 

Tags: OIL, PRICE, BRENT, WTI, URALS, OPEC, НЕФТЬ, ЦЕНА