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2019-04-08 12:10:00

OIL PRICE: ABOVE $70

OIL PRICE: ABOVE $70

REUTERS - Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC's ongoing supply cuts, U.S. sanctions against Iran and Venezuela, fighting in Libya as well as strong U.S. jobs data.

International benchmark Brent futures were at $70.62 per barrel at 0716 GMT on Monday, up 28 cents, or 0.4 percent from their last close.

U.S. West Texas Intermediate (WTI) crude were up 30 cents, or 0.5 percent, at $63.39 per barrel.

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Earlier:

OIL PRICE: ABOVE $70
2019, April, 5, 10:55:00
OIL PRICE: NEAR $70 YET
Oil prices fell on Friday, with Brent slipping away from the $70 mark reached the previous day, pulled down by worries about progress in the U.S.-China trade talks.
OIL PRICE: ABOVE $70
2019, April, 3, 11:30:00
OIL PRICE: NEAR $70
Oil prices rose for a fourth day on Wednesday, pushing Brent towards $70 a barrel as support from OPEC-led supply cuts and U.S. sanctions overshadowed a report showing an unexpected rise in U.S. inventories.
OIL PRICE: ABOVE $70
2019, April, 1, 11:40:00
OIL PRICE: ABOVE $68
Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy.
OIL PRICE: ABOVE $70
2019, March, 29, 11:45:00
OIL PRICE: NEAR $68
Oil prices rose on Friday on the back of ongoing OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, putting crude markets on track for their biggest quarterly rise since 2009.
OIL PRICE: ABOVE $70
2019, March, 27, 12:05:00
OIL PRICE: ABOVE $67 YET
Oil prices were mixed on Wednesday, with Brent extending the previous session’s rise, but gains were kept in check amid growing fears over the impact of a global economic slowdown on demand.
OIL PRICE: ABOVE $70
2019, March, 25, 11:40:00
OIL PRICE: BELOW $67
Oil prices slipped on Monday, with concerns of a sharp economic slowdown outweighing supply disruptions from OPEC’s production cutbacks and from U.S. sanctions on Iran and Venezuela.
OIL PRICE: ABOVE $70
2019, March, 22, 10:45:00
OIL PRICE: ABOVE $67 ANEW
Oil hovered slightly below 2019 peaks on Friday, propped up by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: ABOVE $70
2019, June, 24, 12:30:00
OIL PRICE: NEAR $65 YET
Brent crude futures rose 0.7% to $65.66 per barrel, near Friday’s three-week high of $65.76, while U.S. crude futures were up 1.1% at $58.07, standing at its highest in over three weeks.
OIL PRICE: ABOVE $70
2019, June, 24, 12:25:00
COOPERATION IS IMPORTANT
“Today, more than ever, international cooperation is important,” Novak said in a speech at an energy forum in the Russian city of St Petersburg.
OIL PRICE: ABOVE $70
2019, June, 24, 12:20:00
RUSSIA WILL HELP IRAN
Iran and Russia already have a deal whereby Iran sells 100,000 b/d of crude oil to Russia and receives 50% of the value in cash and 50% in equipment.
OIL PRICE: ABOVE $70
2019, June, 24, 12:15:00
U.S. OIL PRODUCTION 12.2 MBD
U.S. crude oil production reached a new all-time high of 12.2 million barrels per day (mb/d) in May 2019
OIL PRICE: ABOVE $70
2019, June, 24, 12:10:00
6 UNDERVALUED ENERGY STOCKS ANEW
Let’s see which companies are still undervalued and which ones are out of my radar. Some of them reached their fair value and some other stopped to satisfy my parameters.
OIL PRICE: ABOVE $70
2019, June, 24, 12:05:00
GREEN ENERGY CONGRESS JUNE 2019
GREENENERGY - We take an immense pleasure to extend our warm welcome to invite all the participants from all over the world to attend 7th World Congress and Expo on Green Energy during June 24-25, 2019 Barcelona, Spain
OIL PRICE: ABOVE $70
2019, June, 24, 12:00:00
COAL PRICES DOWN
Prices for benchmark premium Australian coal out of Newcastle hit their weakest since September 2016 last week at $70.78 per ton and are likely to fall further given a slowing global economy.
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