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Oil prices

Oil prices up as US economy shows positive signs

Crude oil prices increased on Thursday on positive economic recovery signs in the US and with a large draw on the country’s fuel inventories. International benchmark Brent crude was trading at $68.28 per barrel at 0658 GMT for a 0.55% increase after closing Wednesday at $67.90 a […]

Oil prices soar over attack on Saudi oil facilities

Oil prices shot up to breaknew records on Monday following tensions between Saudi Arabia and Yemen, and with the US Senate passing the $1.9 trillion COVID-19 relief bill. International benchmark Brent crude was trading at $70.54 per barrel at 0715 GMT for a 1.70% increase after […]

Oil prices up on Brexit deal, US relief pack hopes

Oil prices were up on Friday amid limited trading before Christmas, but the upcoming Brexit deal and hopes of President Donald Trump signing off on the US relief package also supported prices. During weak pre-Christmas trading, international benchmark Brent crude traded at $51.37 per barrel at 0648 GMT […]

Oil prices down over pandemic-driven demand fears

Oil prices fell on Wednesday with the new strain of COVID virus in the UK casting doubts over prompt oil demand recovery, while an estimated rise in US crude stocks also fuels these doubts. International benchmark Brent crude was trading at $49.34 per barrel at 0620 GMT […]

Oil prices down amid fresh coronavirus restrictions

Oil prices were down on Monday as vaccine hopes were overshadowed by a worldwide surge in new COVID-19 cases amid fresh lockdowns in the US, Europe and Asia, which raised concerns over the outlook for crude demand. International benchmark Brent crude was trading at $49.09 per […]

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