brent crude futures

Oil prices steady on US crude inventories rise lesser than expected ahead of OPEC meeting; Brent at $86/bbl

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Oil prices steady on US crude inventories rise lesser than expected ahead of OPEC meeting; Brent at $86/bbl

Oil prices were broadly stable on Wednesday, March 27, after US crude stockpile rose lesser than expected and also dragged by indications that the Organization of Petroleum Exporting Countries (OPEC) is unlikely to change its output policy at its technical meeting next week. Crude prices have pared gains since hitting last week to their highest … Read more

Oil prices drop on weaker US fuel demand, Gaza ceasefire report; Brent rebounds to $85/bbl

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Oil prices drop on weaker US fuel demand, Gaza ceasefire report; Brent rebounds to $85/bbl

Brent crude futures for May were down 68 cents, or 0.8 per cent, to $85.27  per barrel after dropping by 1.6 per cent on Wednesday. US West Texas Intermediate futures for May were down 69 cents, or 0.9 per cent, to $80.58 per barrel after a fall of about 1.8 per cent in the previous … Read more