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2019-09-27 13:45:00

OIL PRICE: ABOVE $62 YET

OIL PRICE: ABOVE $62 YET

REUTERS - Oil prices were steady on Friday but headed for a weekly loss, weighed down by slowing Chinese economic growth that dampens the demand outlook and a faster-than-expected recovery in Saudi output.

Brent LCOc1 fell 6 cents to $62.68 a barrel by 0919 GMT, while U.S. crude CLc1 rose 18 cents to $56.59 a barrel. But both were down 2.6% on a weekly basis.

Brent, which is on course for its biggest weekly loss in seven weeks, is just above its level before Sept. 14 attacks on Saudi facilities that initially halved the kingdom's production.

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Earlier:

OIL PRICE: ABOVE $62 YET
2019, September, 26, 14:00:00
OIL PRICE: ABOVE $61
Brent were at $62.55 a barrel, WTI gained 13 cents, or 0.23%, to $56.62 a barrel.
OIL PRICE: ABOVE $62 YET
2019, September, 25, 15:15:00
OIL PRICE: NEAR $61
Brent were down $1.05 cents at $62.05 a barrel, WTI dropped to $56.47 a barrel, down 82 cents.
OIL PRICE: ABOVE $62 YET
2019, September, 24, 18:15:00
OIL PRICE: ABOVE $62
Brent dropped 58 cents to $64.19 a barrel, WTI were at $58.15, down 49 cents.
OIL PRICE: ABOVE $62 YET
2019, September, 23, 14:30:00
OIL PRICE: NEAR $63
Brent crude fell 30 cents to $63.98 a barrel, WTI was down 38 cents to $57.71.
OIL PRICE: ABOVE $62 YET
2019, September, 20, 15:45:00
OIL PRICE: NEAR $64
Brent crude LCOc1 was up 7.7% since last Friday’s close, the biggest weekly rise since January. The front-month November contract was at $64.88 a barrel, up 48 cents, by 1113 GMT. U.S. West Texas Intermediate (WTI) crude futures CLc1 rose 59 cents to $58.72 a barrel, set to post a gain of over 7% for the week.
OIL PRICE: ABOVE $62 YET
2019, September, 19, 14:35:00
OIL PRICE: ABOVE $64
Brent gained $1.44 to $65.04 a barrel, WTI was up 89 cents at $59 a barrel.
OIL PRICE: ABOVE $62 YET
2019, September, 18, 18:35:00
OIL PRICE: ABOVE $63
Brent were down 75 cents, or 1.16%, at $63.80 a barrel, WTI were down $1.15, or 1.94%, at $58.19.
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Tags: OIL, PRICE, BRENT, WTI
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OIL PRICE: ABOVE $62 YET
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OIL PRICE: NEAR $35 ANEW
Brent was up 6 cents, or 0.2%, at $35.19 a barrel, WTI had gained 27 cents, or 0.82%, at $33.52 a barrel.
OIL PRICE: ABOVE $62 YET
2020, May, 25, 12:45:00
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