Browsing: Brent Crude

Oil prices fell by more than 3% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, according to Reuters.

Oil prices rose on Friday by over $1 on Friday, where Brent crude futures were up $1.10, or 1.42%, at $78.69 a barrel, while U.S. West Texas Intermediate crude futures rose $1.45, or 2.01%, to $73.64, according to Reuters.

International oil prices are likely to stay near $80 a barrel in 2024, a Reuters poll showed on Friday, as analysts predicted weak global growth would cap demand, while geopolitical tensions could provide support.

Oil prices jumped more than 4% on Friday, rebounding from a four-month low hit in the previous session, according to Reuters.

Oil prices struggled on Wednesday after sliding to their lowest levels in over three months in the previous session, according to Reuters.

Oil prices rose more than a dollar a barrel on Friday to record a sixth consecutive week of gains, after top producers Saudi Arabia and Russia extended supply cuts through September, adding to undersupply concerns, Reuters reported.

Oil prices surged on Wednesday, trading near their highest levels since April, according to Reuters.

Oil prices rose on Friday and notched a fifth straight week of gains as investors were optimistic that healthy demand and supply cuts will keep prices buoyant, according to Reuters.

Oil prices settled more than 1% lower on Friday, falling for the third consecutive week, according to Reuters.

The National Oil Corporation (NOC) announced Monday that Libya’s production of crude oil amounted to one 1.220 million barrels on Sunday, with an increase of 1,000 barrels compared to the production of the day before.