All publications by tag «BRENT»
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2017, March, 24, 19:25:00
OIL PRICES: OVER $50 AGAIN
Benchmark Brent crude futures LCOc1 were at $50.72 per barrel at 1255 GMT, up 16 cents from their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 20 cents at $47.90 a barrel. Brent was heading for a weekly fall of around 2 percent, while WTI was off just over 1.8 percent.
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2017, March, 22, 19:10:00
OIL PRICES: OVER $50
Benchmark Brent crude was down 82 cents at $50.14 per barrel at 0936 GMT (5:36 a.m. ET), after dropping to $50.05, its lowest level since OPEC announced on Nov. 30 its plan for cuts. The deal with non-OPEC states was reached in December.
U.S. light crude was down 70 cents at $47.54 a barrel, also slipping toward a three-month low.
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2017, March, 21, 19:05:00
OIL PRICES: OVER $52 AGAIN
Brent crude, the international benchmark for oil, was up 42 cents at $52.04 per barrel at 0907 GMT, rebounding from last week's three-month low of $50.25 but well below January's surge above $58 in the wake of the output cuts.
U.S. West Texas Intermediate (WTI) crude rose 38 cents to $48.60.
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2017, March, 16, 19:05:00
OIL PRICES: OVER $52
West Texas Intermediate for April delivery rose as much as 76 cents to $49.62 a barrel on the New York Mercantile Exchange and was at $49.41 at 10:08 a.m. in London. Total volume traded was in line with the 100-day average. Prices climbed $1.14 to close at $48.86 on Wednesday after falling almost 11 percent the previous seven sessions.
Brent for May settlement advanced as much as 84 cents, or 1.6 percent, to $52.65 a barrel on the London-based ICE Futures Europe exchange. Prices rose 89 cents to $51.81 on Wednesday. The global benchmark crude was at a premium of $2.48 to May WTI.
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2017, March, 14, 18:55:00
OIL PRICES: O'ER $51
U.S. West Texas Intermediate crude (WTI) CLc1 was down 7 cents at $48.33 a barrel, as of 0716 GMT. The contract ended down 9 cents in the previous session after touching its lowest since the end of November at $47.90.
Brent crude futures LCOc1 gained 3 cents to $51.32 a barrel, having settled down 2 cents on Monday after dipping as low as $50.85.
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2017, March, 10, 19:05:00
OIL PRICES: ABOVE $52 ANEW
Brent crude oil was up 15 cents at $52.34 a barrel by 0900 GMT, after falling 1.7 percent on Thursday and 5 percent the day before in its biggest percentage decline in a year.
U.S. crude oil was up 15 cents at $49.43 a barrel. It fell below $50 on Thursday for the first since December. U.S. crude is on track for a drop of more than 7 percent this week, its biggest weekly fall for five months.
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2017, March, 10, 18:55:00
OIL PRICES: $55 - $57
EIA forecasts Brent crude oil prices to average $55/b in 2017 and $57/b in 2018. West Texas Intermediate (WTI) crude oil prices are expected to average about $1/b less than Brent prices in the forecast. NYMEX contract values for May 2017 delivery traded during the five-day period ending March 2 suggest that a range of $46/b to $63/b encompasses the market expectation for WTI prices in May 2017 at the 95% confidence level.
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2017, March, 10, 18:45:00
U.S. OIL EXPORTS UP
US Census Bureau data showed US crude exports rising by 304,000 b/d to 746,000 b/d in January, which was followed by a report by the US Energy Information Administration showing US crude exports averaging 900,000 b/d in the four weeks ending February 24.
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2017, March, 10, 18:40:00
U.S. DEFICIT $48.5 BLN
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $48.5 billion in January, up $4.2 billion from $44.3 billion in December, revised. January exports were $192.1 billion, $1.1 billion more than December exports. January imports were $240.6 billion, $5.3 billion more than December imports.
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2017, March, 7, 18:55:00
OIL PRICES: $56 AND MORE
Brent crude LCOc1 was down 3 cents at $55.98 a barrel as of 1020 GMT. U.S. West Texas Intermediate crude CLc1 was flat at $53.20. Both benchmarks have traded in negative and positive territory since the start of Asia trading.