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Prices

Prices
2017, May, 18, 19:15:00
OIL PRICE: ANEW ABOVE $52
Brent crude was up 50 cents at $52.15 per barrel by 1330 GMT. U.S. light crude rose 39 cents to $49.05.
Prices
2017, May, 17, 11:40:00
OIL PRICE: ABOVE $51
Brent crude was down 20 cents, or 0.4 percent, from the last close at $51.45 per barrel at 0647 GMT. U.S. West Texas Intermediate (WTI) crude was at $48.39, down 27 cents, or 0.6 percent.
Prices
2017, May, 16, 12:25:00
OIL PRICE: ABOVE $52 ANEW
Brent crude oil was up 30 cents at $52.12 a barrel by 0750 GMT. U.S. light crude was 25 cents higher at $49.10 a barrel. Both benchmarks have risen more than $5 a barrel since hitting five-month lows 10 days ago.
Prices
2017, May, 15, 12:55:00
OIL PRICE: ABOVE $52
Brent crude, the global benchmark, had risen $1.20 to $52.04 a barrel by 0847 GMT (4.47 a.m. ET) and traded intraday at $52.26, the highest since April 26. U.S. crude was up $1.18 at $49.02 a barrel.
Prices
2017, May, 15, 12:35:00
OIL GAS PRICES ANALYSIS
The light, sweet contract for June crude oil delivery gained 50¢ to close at $47.83/bbl on the New York Mercantile Exchange May 11. The July contract also climbed 50¢ to settle at $48.20/bbl. The natural gas price for June was up 8¢ to a rounded $3.37/MMbtu. The Henry Hub cash gas price gained 9¢ to $3.20/MMbtu on May 11. The Brent crude contract for July on London’s ICE was up 55¢ to settle at $50.77/bbl. The August contract increased 51¢ to $51.05/bbl. The June gas oil contract was $449/tonne, up $5.
Prices
2017, May, 12, 11:55:00
OIL PRICES: ABOVE $50 ANEW
International Brent crude futures were at $50.96 per barrel at 0646 GMT on Friday, up 19 cents, or 0.37 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $48.01 per barrel, up 18 cents, or 0.38 percent.
Prices
2017, May, 12, 11:50:00
OIL PRODUCERS CUTTING
OPEC will decide formally whether to extend the cuts when its ministers meet in Vienna on May 25. The producer group and other major suppliers including Russia agreed last year to cut their collective production by about 1.8 million barrels a day for the first half of 2017 in an effort to reduce bloated global stockpiles and re-balance the market.
Prices
2017, May, 11, 18:10:00
OIL PRICES: ABOVE $50 AGAIN
Brent LCOc1 was 60 cents higher at $50.82 a barrel by 1255 GMT (8.55 a.m. ET) after hitting an early high of $51.09. U.S. light crude oil CLc1 was last up 60 cents at $47.93.
Prices
2017, May, 10, 18:08:00
OIL PRICES: ABOVE $49 AGAIN
Global benchmark Brent crude LCOc1 was up 68 cents at $49.41 a barrel by 1327 GMT (9.27 a.m. ET). U.S. light crude CLc1 oil was 69 cents higher at $46.57 a barrel.
Prices
2017, May, 10, 18:06:00
OIL PRICES: $53 - $57
North Sea Brent crude oil spot prices averaged $52 per barrel (b) in April, $1/b higher than the March average and the fifth consecutive month that Brent crude oil spot prices averaged between $50/b and $55/b. EIA forecasts Brent prices to average $53/b in 2017 and $57/b in 2018. West Texas Intermediate (WTI) crude oil prices are forecast to average $2/b less than Brent prices in both 2017 and 2018.
Prices
2017, May, 6, 17:20:00
OIL PRICES: ABOVE $49
U.S. crude CLcv1 rose 2.09 percent to $46.47 per barrel and Brent LCOcv1 was last at $49.45, up 2.21 percent on the day.
Prices
2017, May, 4, 18:45:00
OIL PRICES: ABOVE $48
U.S. crude CLc1 fell $2.05 or 4.3 percent to $45.77, by 12:08 p.m. Brent was down $2.07, or 4.1 percent to $48.71.
Prices
2017, May, 2, 16:25:00
SAUDI CUTS PRICES
Saudi Arabia, the world’s largest crude exporter, cut pricing for June oil exports to Asia as it fights to defend sales in its biggest regional market. The kingdom raised pricing to all other regions.
Prices
2017, May, 1, 12:40:00
OIL PRICES: ABOVE $51 ANEW
NYMEX crude for June delivery CLc1 was down 12 cents at $49.21 a barrel by 0619 GMT. London Brent crude for new front-month delivery in July LCOc1 was down 15 cents at $51.90.
Prices
2017, April, 27, 19:05:00
OIL PRICES: ABOVE $51 AGAIN
U.S. West Texas Intermediate (WTI) crude oil futures were trading at $49.37 per barrel at 0644 GMT, down 25 cents, or 0.5 percent from their last close. WTI has lost around 8.5 percent in value from its April peak. Brent crude futures, the international benchmark for oil prices, were at $51.63 per barrel, down 19 cents, or 0.37 percent. Brent is almost 9 percent below its April peak.